COCOA D1: 30% Gains SWING setup BUY/HOLD(NEW)(SL/TP)Why get subbed to me on Tradingview?
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COCOA D1: 30% Gains SWING setup BUY/HOLD(NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: COCOA daily chart review
::: chart is LOG SCALE
::: locked inside trading range
::: strong prior uptrend
::: 30% gains final TP BULLS
::: global inflation driving prices
::: also global warming heavy impact
::: cycle low for the market is near
::: BUY LOW near 2100/2150 USD
::: 12/24 months as global economy
::: is starting the recovery right now
::: BULLISH CYCLE is ON BUY DIPS
::: BUY/HOLD get paid / swing trade setup
::: BUY ANY DIPS / final TP BULLS is 2800 USD
::: 30% upside from range lows
::: WAIT for dips and reload (BULLS)
::: recommend to BUY/HOLD
::: recommended strategy: BUY/HOLD
::: bullish super cycle in cocoa/coffee markets
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 21002150USD fresh demand zone
::: 2700/2800USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS / PULLBACK
::: Sentiment outlook mid-term: BULLS / SUPER CYCLE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
