Dec. 10 at 3:03 AM
Actionable Trade Alert for
$IRM:
Market Context:
$IRM is currently trading at
$85.1, below key moving averages (MA30 at
$92.36 and MA50 at
$97.18), indicating bearish sentiment. The RSI at 38.1 suggests the asset is nearing oversold territory, which may lead to a potential reversal.
Directional Bias: Given the current RSI and proximity to the 60D Low of
$82.0, there is potential for a short-term rebound. However, the price is still below both MAs, indicating a cautious approach.
Suggested Trade Plan:
- Entry:
$85.1
- Stop Loss:
$82.0 (3.6% below entry)
- Take Profit Targets:
1. Target 1:
$90.0 (5.7% gain)
2. Target 2:
$95.0 (11.4% gain)
3. Target 3:
$100.0 (17.5% gain)
With these targets, a successful trade could yield over 17% ROI on Target 3 while maintaining a manageable risk. Monitor the market closely for any changes in momentum.
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