📈 Overview:
Yesterday, the last 3D bar closed, triggering a LONG entry signal. The price is above the MLR, SMA, and PSAR, which are positive indicators that align with a bullish trend. However, caution is required as the price is currently below the key 200 MA, a level that can act as a strong resistance.
📊 Entry Conditions:
- Price > MLR > SMA > PSAR: Bullish alignment across all key indicators.
- Long Entry: Triggered by the 3D bar close and the alignment of indicators.
⚠️ Risk Warning:
- 200 MA: The price is below the 200-day moving average, which could act as resistance. This is a critical level to watch out for.
- Market Caution: While the signals point towards a potential uptrend, the 200 MA being below the current price adds a layer of risk. We need to be cautious, especially as price could face rejection at this level.
📍Trade Strategy:
- Stop Loss (SL): Consider setting it below last PSAR level to manage downside risk effectively.
- Since the stop loss (SL) is wide, a spot entry is preferred
🔍 Conclusion:
This is a high-risk, high-reward setup. Given the 200 MA resistance, it’s important to monitor price action closely for signs of rejection. If the price breaks above the 200 MA, this could turn into a strong uptrend. Stay flexible and adjust your risk management as needed.
💬 Drop a comment with your thoughts and follow for more updates! 🚀
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。