Dec. 6 at 3:34 AM
Actionable Trade Alert for
$IRON:
Market Context:
$IRON is currently trading at
$93.79, showing strong momentum but nearing overbought conditions with an RSI of 67.44. The price is above the 30-day MA of 88.68 and the 50-day MA of 82.31, indicating bullish sentiment.
Directional Bias: The bullish trend is supported by the price being closer to the 60-day high of 97.11. However, the RSI suggests caution as it approaches overbought territory.
Trade Plan:
- Suggested Entry:
$93.79
- Stop Loss:
$90.00 (3.00 points below entry)
- Take Profit Targets:
1. Target 1:
$96.00 (2.21% ROI)
2. Target 2:
$98.00 (4.67% ROI)
3. Target 3:
$110.00 (17.24% ROI)
This plan allows for a strategic approach to capitalize on potential upward movement while managing risk effectively.
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