The price bounces from 300.00 support level and it's going to move above SMA100. RSI confirms price reversal in the oversold zone. MACD histogram supports upward movement. Also the price breaks the downtrend line and it gives us an additional confirmation of further upward movement. Buy from 310.00 level with stop orders at 284.00 level. Profit targets are 350.00 and 390.00 levels. The part of trading volume should be left for long run.
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I mean, you recommend people to enter the market with pending orders and once the price reaches your target level, it returns back under that level.
Please consider improving/filtering the entrance signals (for example by suggesting RSI to be over 50, or breaking a position into the grid of trades to use the correction).
Is it because of the candlesticks reaching to the $285.7 level or something else?