Dec. 17 at 3:26 AM
$STEP: Current market context shows a stable price at
$63.52, with an RSI of 54.27 indicating a neutral momentum. The price is above the 30-day MA of
$62.39 and the 50-day MA of
$62.71, suggesting a bullish trend. The recent 60-day high of
$68.4 provides a resistance level, while the low of
$55.78 offers support.
Directional bias leans bullish due to the price being above the moving averages, indicating potential upward movement. Suggested entry is at
$64.00, with a stop loss set at
$61.00 to limit risk.
Take Profit Targets:
1. TP1 at
$66.00 (3.13% gain)
2. TP2 at
$67.50 (5.87% gain)
3. TP3 at
$74.50 (17.25% gain)
This trade plan allows for a solid risk-reward ratio, with TP3 offering over 17% ROI. Monitor price action closely and adjust stops as needed.
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