We finally crossed the MA 50 (orange).
Historically we will see a lot of pressure to the next level above of MA 100 (red).
I've highlighted a trouble zone around ~$120
However, holding if the price stays above this, the sell spots come in at ~$145 and then at ~185
Consider the good buy zone around $89. Opening a trade there can be less riskier than getting in now.
Potential profit buy to sell #1: + 65%
Potential profit sell #1 to sell #2: + 27%
Overall, this may be a +80% trade setup.
SL @$82.
Historically we will see a lot of pressure to the next level above of MA 100 (red).
I've highlighted a trouble zone around ~$120
However, holding if the price stays above this, the sell spots come in at ~$145 and then at ~185
Consider the good buy zone around $89. Opening a trade there can be less riskier than getting in now.
Potential profit buy to sell #1: + 65%
Potential profit sell #1 to sell #2: + 27%
Overall, this may be a +80% trade setup.
SL @$82.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.