- **Entry Plan:** Expecting a **reversal from the trendlineBased on your chart analysis:
- **Entry Plan:** Expecting a **reversal from the trendline** and **60% Fibonacci level**, you plan to **start Dollar-Cost Averaging (DCA)** at current levels.
- **Stop Loss:** Placed at **13 EGP** to limit downside risk.
- **Take Profit:** Targeting **27 EGP** for a solid risk-reward ratio.
### **Additional Observations:**
1. **Trendline Support:** The price is near a long-term **ascending trendline**, which has acted as support before.
2. **Indicators:**
- The **moving average** (black line) shows a consolidation phase.
- **Momentum indicators** at the bottom suggest a potential reversal.
3. **Risk Management:**
- DCA is a good strategy if the price dips further before bouncing.
- The **stop loss at 13 EGP** is placed wisely below support to avoid unnecessary risk.
- The **profit target at 27 EGP** aligns with a previous resistance level.
Would you like a more detailed breakdown or adjustments to your trading plan? 🚀📈
