Updated Long Position Setup:
Based on an **entry level of $7.79 B**, here is the revised long position strategy:
**Key Levels for Long Position:**
1. **Entry Point:**
Enter a **long position** at **$7.79 B** (current price or confirmed breakout above).
2. **Stop Loss (SL):**
Place your **stop loss** below the recent support or lower trendline at **$7.32 B** to manage risk effectively.
3. **Take Profit (Targets):**
- **Target 1 (T1):** **$8.27 B** (immediate resistance level).
- **Target 2 (T2):** **$8.98 B** (potential breakout level above resistance).
**Trade Management:
- Monitor the breakout carefully; confirmation occurs if the price closes above **$7.79 B** with increased volume.
- Once the price hits **$8.27 B**, adjust your stop loss to **breakeven ($7.79 B)** to secure the trade.
- If momentum is strong, aim for the second target at **$8.98 B**, locking in partial profits along the way.
Based on an **entry level of $7.79 B**, here is the revised long position strategy:
**Key Levels for Long Position:**
1. **Entry Point:**
Enter a **long position** at **$7.79 B** (current price or confirmed breakout above).
2. **Stop Loss (SL):**
Place your **stop loss** below the recent support or lower trendline at **$7.32 B** to manage risk effectively.
3. **Take Profit (Targets):**
- **Target 1 (T1):** **$8.27 B** (immediate resistance level).
- **Target 2 (T2):** **$8.98 B** (potential breakout level above resistance).
**Trade Management:
- Monitor the breakout carefully; confirmation occurs if the price closes above **$7.79 B** with increased volume.
- Once the price hits **$8.27 B**, adjust your stop loss to **breakeven ($7.79 B)** to secure the trade.
- If momentum is strong, aim for the second target at **$8.98 B**, locking in partial profits along the way.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.