CL1! BUYING the Dip
Price is currently testing a support level that aligns with previous swing lows, offering a favorable entry point with a defined risk. Traders should consider entering long positions near this support area, targeting the next key resistance zones while managing risk with tight stop-loss levels just below the recent support. The overall market sentiment remains positive, supported by global supply-demand factors, making this a favorable environment for further upside movement in MCL1!
Trade closed: stop reached
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Related publications
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.