• Zone Highlighted: marked as a demand zone with POC.
Trade Thesis
• The highlighted zone acts as a support area, aligned with both the 21-day and 50-SMAs on the weekly chart.
• Price has bounced above this zone, suggesting buyers are defending it.
• The upward arrow indicates potential continuation of the bullish trend.
• Risk–Reward Ratio: 1:3 (favorable).
Trade Thesis
• The highlighted zone acts as a support area, aligned with both the 21-day and 50-SMAs on the weekly chart.
• Price has bounced above this zone, suggesting buyers are defending it.
• The upward arrow indicates potential continuation of the bullish trend.
• Risk–Reward Ratio: 1:3 (favorable).
#Take proper position size
#Safe trading
#Safe trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
#Take proper position size
#Safe trading
#Safe trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.