Dec. 12 at 12:32 AM
Actionable Trade Alert for
$CROX:
Market Context:
$CROX is currently trading at
$89.57, reflecting strong momentum. The RSI at 70.35 indicates overbought conditions, suggesting a potential pullback. However, the price is near the 60D high of
$90.82, indicating bullish sentiment.
Directional Bias: The price is above both the 30-day MA (81.61) and the 50-day MA (82.16), confirming upward momentum. The proximity to the 60D high reinforces a bullish outlook, but caution is warranted due to the elevated RSI.
Trade Plan:
- Suggested Entry:
$89.57
- Stop Loss:
$86.48 (below recent support and ATR)
- Take Profit Targets:
1.
$92.00 (3% gain)
2.
$95.00 (6% gain)
3.
$104.00 (16% gain, 17% ROI)
This plan allows for a strategic approach, capturing profits while managing risk effectively. Monitor the RSI and price action closely for adjustments.
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