Dec. 10 at 4:25 AM
Actionable Trade Alert for
$BLLN:
Market Context:
$BLLN is currently trading at
$109.53, positioned between its 60-day high of
$138.7 and low of
$88.0. The RSI at 55.43 indicates a neutral to slightly bullish sentiment, suggesting potential for upward movement.
Directional Bias: Given the current price is closer to the 60-day high and the RSI is not overbought, there is a bullish bias. The absence of moving averages (MA30, MA50, MA200) indicates a lack of clear trend direction, but the price action within the high-low range supports a potential rally.
Trade Plan:
- Suggested Entry:
$110.00
- Stop Loss:
$104.00 (approx. 5.5% below entry)
- Take Profit Targets:
- Target 1:
$120.00 (9.1% gain)
- Target 2:
$125.00 (13.6% gain)
- Target 3:
$128.00 (16.9% gain)
With these targets, a successful trade could yield over 17% ROI on Target 3. Monitor closely and adjust as needed.
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