Risk to reward isn't super great for this trade if you're entering now, but if you're already long since the $40s and $50s, I would recommend waiting a bit longer to take profit. There will be serious turbulence at $100, but I think we will break through it toward $115 before ultimately cooling off for this cycle. Take some profit at $100 and $115 zone. Let's see what happens.
Trade chiuso: obiettivo raggiunto:
I hoped to see a bigger pullback after reaching $120. Holding above $95 for the next couple weeks would be extraordinarily bullish. Breaking down below $95 opens up some great accumulation opportunities in the mid to low $80s. Let's see what happens.