After a week of weakness the price has reached a strong resistance cluster. The chart has also printed several consecutive doji candles after a strong down move which signals indecision and possibly a shift from bear control to bull control. The 50/200 moving averages are both still bullish with the CCI signaling bearish exhaustion. This seems like an appropriate level to begin scaling in for a long position. We will either get a dead cat bounce and continuation of a new bear trend or this was just a pullback before a continuation past the previous high. There's no way to know for certain which is why we will take profits at each target level as a hedge for a possible fake out.
Entry Level: $ .53
Target 1: $ .60
Target 2: $ .70
Tagret 3: $ .90
Suggested Stop Loss: $. 50
Entry Level: $ .53
Target 1: $ .60
Target 2: $ .70
Tagret 3: $ .90
Suggested Stop Loss: $. 50
İşlem aktif
Nothing has changed. If the support is not breached with volume to support it, then we will see a strong reversal on RLC.Not
Stop-loss was triggered on this trade.Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.