Dec. 10 at 4:31 AM
Actionable Trade Alert for
$TNL:
Market Context:
$TNL is currently showing strong bullish momentum, closing at
$68.15. The RSI at 78.83 indicates overbought conditions, suggesting a potential pullback. However, the price is above the 30-day (MA30) and 50-day (MA50) moving averages, which indicates an overall upward trend.
Directional Bias: The current price is near the 60-day high of
$70.43, with a low of
$58.07. This range suggests potential resistance at
$70.43. The strong bullish sentiment is supported by the moving averages, but caution is warranted due to the high RSI.
Trade Plan:
- Suggested Entry:
$68.50
- Stop Loss:
$66.00 (risking
$2.50)
- Take Profit Targets:
1.
$71.00 (Target 1: 3.5% ROI)
2.
$73.00 (Target 2: 6.5% ROI)
3.
$80.00 (Target 3: 17.4% ROI)
Monitor the position closely, as the high RSI may lead to volatility.
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