Dec. 10 at 4:23 AM
$MC Actionable Trade Alert:
Market Context: Currently,
$MC is trading at
$69.59, significantly above its 30-day moving average (MA30) of
$64.24 and 50-day moving average (MA50) of
$65.77, indicating strong bullish momentum. The RSI at 81.87 suggests overbought conditions, which could lead to a pullback, but the recent high of
$78.05 suggests potential for further upside.
Directional Bias: The bullish sentiment is supported by the price being closer to the 60-day high of
$78.05, and the ATR of 2.05 indicates moderate volatility.
Trade Plan:
- Suggested Entry:
$69.59
- Stop Loss:
$66.00 (3.74% below entry)
- Take Profit Targets:
1.
$73.00 (5.00% gain)
2.
$76.00 (9.00% gain)
3.
$81.50 (17.00% gain)
This plan allows for a solid risk-reward ratio with a potential ROI of over 17% on the third target. Monitor the RSI closely for signs of reversal.
https://privateprofiteers.com
