Given that the market price is likely to move upwards, it sounds like you’re anticipating a bullish move. With the resistance level at **0.91946**, if the price breaks above this, it could trigger further upside momentum.
Setting the **stop-loss at 0.89589** provides a solid risk management strategy, as it’s a safe distance away from potential support, allowing for some fluctuation while protecting against major downside moves.
If the price holds its bullish sentiment and pushes through the resistance at **0.91946**, a continuation upward seems plausible. Make sure to monitor price action closely near the resistance to confirm whether it breaks or faces a rejection.
Setting the **stop-loss at 0.89589** provides a solid risk management strategy, as it’s a safe distance away from potential support, allowing for some fluctuation while protecting against major downside moves.
If the price holds its bullish sentiment and pushes through the resistance at **0.91946**, a continuation upward seems plausible. Make sure to monitor price action closely near the resistance to confirm whether it breaks or faces a rejection.
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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.