Long term trend: uptrend on the monthly chart. Short term trend: downtrend on a weekly chart. Chart formation: price coiling with support formation; reversal formation on the daily chart Supply and demand: overbought with low stochastics Opportunity: long-term BUY. Can buy now or wait for the price to retrace 1 more time towards 32.
Rules: Always follow the strategy. Respect your stop loss. Follow risk-management methods. Target is variable on market conditions.
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