Long Japan 255 at 30677.3 using SMC conceptTrade Idea:
Long Japan 255 at 30677.3
Entry: 30677.3
Stop Loss (SL): 27869.0
Take Profit (TP): 41133.8
Dollar-Cost Averaging (DCA) Zone: 28625.0
Terminology Explained
Demand Zone: A price area where buying interest is expected to be strong, potentially causing the price to rise. In this trade, the demand zone at 30677.3 suggests an opportunity to enter a long position.
Smart Money Concept (SMC): A trading strategy that identifies the movements of institutional investors ("smart money") to make informed trading decisions. This concept is used to recognize the demand zone for the entry point.
Stop Loss (SL): A predetermined price level at which a trade will be closed to prevent further losses. For this trade, the SL is set at 27869.0.
Take Profit (TP): A predetermined price level at which a trade will be closed to secure profits. The TP for this trade is set at 41133.8.
Dollar-Cost Averaging (DCA) Zone: A strategy of buying an asset at multiple price points, rather than a single entry, to average out the cost basis. The DCA zone for this trade is set until 28625.0, meaning additional buying could occur if the price drops to this level. Please like Follow and Share to your friends.
