DLavrov

Stellar: Buy Opportunity from Support Zone

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The market moved back to the strong support zone at 0.050000 level.
We can see how the price bounced from this zone and reached 0.088000 level. Why not do the same this time?

If we get a confirmed reversal signal, it will be a new buy opportunity. Stop orders must be placed below the support zone. Profit targets should be based on 0.073000 and 0.088000 resistance levels.

RSI is not far from the oversold zone, and it will be able to give us a good bullish signal. The same goes about MACD lines.

The market looks interesting for buying.

If the price breaks the support zone, it will confirm the further falling to the lower support zones.

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