Dec. 10 at 3:37 AM
$PR: Current market context shows a strong upward momentum, indicated by the RSI of 72.02, suggesting overbought conditions. However, the price is above both the 30-day MA (13.64) and the 50-day MA (13.19), reinforcing a bullish trend. The recent high of
$15.20 provides a critical resistance level, while the low of
$11.92 offers a solid support base.
Actionable Trade Alert:
- Suggested Entry:
$14.79
- Stop Loss:
$14.10 (approximately 4.67% below entry)
- Take Profit Targets:
1. TP1:
$15.00 (1.42% gain)
2. TP2:
$15.50 (4.78% gain)
3. TP3:
$17.25 (16.63% gain)
With TP3 achieving over 17% ROI, this trade plan offers a favorable risk-reward ratio. Monitor the price action closely, as a pullback could provide a better entry point.
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