Dec. 17 at 2:46 AM
$KEY: Current market context shows a strong bullish momentum with the last close at
$20.58 and an RSI of 84.73, indicating overbought conditions. The price is above both the 30-day MA of
$18.42 and the 50-day MA of
$18.11, reinforcing a bullish directional bias. The 60-day high of
$20.88 suggests potential resistance, while the low of
$16.47 provides a solid support level.
Actionable Trade Alert:
- Suggested Entry:
$20.60
- Stop Loss:
$19.50 (5.34% below entry)
- Take Profit Targets:
1.
$21.00 (Target 1: 1.94% ROI)
2.
$21.50 (Target 2: 4.37% ROI)
3.
$24.00 (Target 3: 16.84% ROI)
This plan aims for a minimum 17% ROI on the third target, capitalizing on the current bullish trend while managing risk with a defined stop loss. Ensure to monitor RSI for potential reversals.
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