Nov. 13 at 1:34 AM
$TPL is currently trading at
$986.16, showing a bullish market context as it is above both the 30-day moving average (MA30) of
$939.64 and the 50-day moving average (MA50) of
$931.62. The RSI at 62.6 indicates that the asset is approaching overbought territory, suggesting a potential pullback but still maintaining upward momentum. The recent high of
$1048.88 provides a target area, while the low of
$860.03 offers a solid support reference.
Suggested entry point is at
$980, slightly below the last close to account for potential volatility. Set a stop loss at
$965 to manage risk. For targets, aim for
$1020 as the first target, and
$1040 as the second target, utilizing the recent high as a benchmark.
This plan leverages the current bullish trend while acknowledging the potential for a pullback due to the RSI level.
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