Potential rebound near Support- GTRONIC
1. Past price movement reveal such consistent price reaction when approaching MA150 level. Its appears as a significant point of support or resistance, influencing the price movement notably.
2. From recent price momentum, we can see that price hit near MA150 and can expect rebound from current level. This projection is supported by the observation of a consolidation triangle pattern, which typically suggests a temporary balance between buyers and sellers before a potential breakout in the direction of the preceding trend.
3.Referring to the substantial trading volume observed within the price range of 1.32-1.37, suggests that market participants are actively engaging in trading activities within this range, it is crucial to closely monitor within this price range to gauge the potential price rebound.
2. From recent price momentum, we can see that price hit near MA150 and can expect rebound from current level. This projection is supported by the observation of a consolidation triangle pattern, which typically suggests a temporary balance between buyers and sellers before a potential breakout in the direction of the preceding trend.
3.Referring to the substantial trading volume observed within the price range of 1.32-1.37, suggests that market participants are actively engaging in trading activities within this range, it is crucial to closely monitor within this price range to gauge the potential price rebound.
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Once the target is achieved, consider implementing a stop-limit order to maintain your current position.
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