Dec. 10 at 4:17 AM
$MAIN: Current market context shows a strong bullish trend with the last close at
$62.59 and an RSI of 81.45, indicating overbought conditions. The price is above both the 30-day MA (58.09) and the 50-day MA (58.57), supporting a bullish directional bias. The 60-day high of
$66.85 suggests potential resistance, while the low of
$54.85 indicates a solid support level.
Actionable Trade Plan:
- Suggested Entry:
$62.59
- Stop Loss:
$60.00 (risking
$2.59, approximately 4.14%)
- Take Profit Targets:
1. Target 1:
$64.00 (3% gain)
2. Target 2:
$66.00 (5.5% gain)
3. Target 3:
$73.00 (16.7% gain)
With a potential ROI of over 17% on Target 3, this trade aligns with the current market dynamics. Monitor the RSI for signs of reversal as the trade progresses.
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