CELH Buy Setup - 1/27 R:R Opportunity at Strong Support
Celsius Holdings 
CELH is presenting an excellent long opportunity. The price is currently at a strong support level, aligning with a bullish trendline that has guided the stock upward in the bigger picture. Recently, a bullish engulfing pattern has formed, signaling a potential reversal, which is occurring in a sweet zone where many traders were shaken out of the market. This has been confirmed by a noticeable increase in volume, further indicating that the buying pressure is returning.
The setup offers a fantastic risk-to-reward ratio of 1:27, with the next key level being the all-time high (ATH), which is not far away. This suggests significant upside potential if the support holds.
CELH is presenting an excellent long opportunity. The price is currently at a strong support level, aligning with a bullish trendline that has guided the stock upward in the bigger picture. Recently, a bullish engulfing pattern has formed, signaling a potential reversal, which is occurring in a sweet zone where many traders were shaken out of the market. This has been confirmed by a noticeable increase in volume, further indicating that the buying pressure is returning.The setup offers a fantastic risk-to-reward ratio of 1:27, with the next key level being the all-time high (ATH), which is not far away. This suggests significant upside potential if the support holds.
Trade chiuso: stop raggiunto
Stop loss was triggered, resulting in a loss. If the price goes up again, I don’t rule out buying it back, as the general conditions haven’t changed.Nota
I bought again CELH. Next updates in this idea: 
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
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Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.