Dec. 6 at 1:31 AM
Actionable Trade Alert for
$COIN:
Market Context:
$COIN is currently trading at
$274.05, showing a neutral RSI of 46.15, indicating a lack of momentum. The price is below both the 30-day MA (295.09) and the 50-day MA (316.78), suggesting a bearish trend in the short to medium term. However, the recent 60-day low of 231.17 provides a potential support level.
Directional Bias: Given the current price is closer to the 60-day low than the high, there is potential for a rebound. A move above the 30-day MA could signal a bullish reversal.
Trade Plan:
- Suggested Entry:
$275.00 (above current close)
- Stop Loss:
$260.00 (5.5% below entry)
- Take Profit Targets:
1.
$300.00 (9.1% gain)
2.
$325.00 (18.2% gain)
3.
$321.00 (17% ROI)
This trade plan aims for a minimum of 17% ROI on the third target while managing risk effectively. Monitor price action closely around the MA levels.
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