Dec. 6 at 2:00 AM
Actionable Trade Alert for
$FCNCA:
Market Context: The last close for
$FCNCA is
$1961.18, positioned near the 60D high of
$1993.94. With an RSI of 71.7, the asset is in overbought territory, suggesting potential for a pullback. However, the strong upward momentum indicated by the MA30 at
$1831.88 and MA50 at
$1802.7 supports a bullish bias in the short term.
Directional Bias: Despite the overbought RSI, the proximity to the 60D high indicates potential for a breakout. The MA30 and MA50 are trending upwards, reinforcing bullish sentiment.
Trade Plan:
- Suggested Entry:
$1965.00
- Stop Loss:
$1920.00 (approximately 2.3% below entry)
- Take Profit Targets:
1.
$2000.00 (2% ROI)
2.
$2050.00 (4.3% ROI)
3.
$2300.00 (17.3% ROI)
This plan allows for a favorable risk-reward ratio while targeting significant upside potential.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
