Dec. 17 at 3:02 AM
$GH Trade Alert: Current market context indicates a bearish trend with the last close at
$100.00 and an RSI of 33.22, suggesting oversold conditions. The MA30 at
$101.45 is above the current price, indicating resistance, while the MA50 at
$89.35 provides potential support. The 60D high at
$112.43 and low at
$55.38 shows a wide trading range, providing opportunities for price movement.
Directional Bias: Bearish to neutral, with a potential reversal as the RSI is approaching oversold levels.
Trade Plan:
- Suggested Entry:
$100.00
- Stop Loss:
$95.00 (5% risk)
- Take Profit Targets:
1. TP1:
$105.00 (5% gain)
2. TP2:
$110.00 (10% gain)
3. TP3:
$117.00 (17% gain)
This plan allows for a structured approach to capitalize on potential upward movement while managing risk effectively.
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