LION KING IN THE MAKING
Super rally in Aug! Over 40% gain if u bought at the breakout
Pullback from recent high and price action still shows selling, but with 38.2 lvl at 1.04 and EMA 20 (Blue) & EMA 200 (Orange) around 1.00 region. Price unlikely to break lower than 1.00. My take is that 1.00 psychological level would be the demand zone.
An entry around 1.02 would be conservative. As next coming support at 0.950
TP 1 : 1.20
TP 2 : 1.28 / Most recent high.
Pullback from recent high and price action still shows selling, but with 38.2 lvl at 1.04 and EMA 20 (Blue) & EMA 200 (Orange) around 1.00 region. Price unlikely to break lower than 1.00. My take is that 1.00 psychological level would be the demand zone.
An entry around 1.02 would be conservative. As next coming support at 0.950
TP 1 : 1.20
TP 2 : 1.28 / Most recent high.
Note
Price bounced at 0.618 level @ RM 0.875
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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.