1. From the daily chart perspective, I believe a short-term bottom has already formed, but the stop-loss level is too far for a long position, so it’s better to seek a low-entry buy. Last Friday, it reached a support level, but I wasn’t firm enough so i didn't enter. BUtT, we can PATIENTLY wait for a lower point to buy here.
monday plan:
On the 1-hour timeframe, resistance is at 19100-19300 (which is also the 4-hour resistance), and support is at 18200-17800.
Look for buying opportunities on Monday, with real-time updates afterward, stop-loss at 17600.
TARGET IS 19100-19300.
If price goes up directly, i will wait 19100-19300 for a short opportunity instead.
monday plan:
On the 1-hour timeframe, resistance is at 19100-19300 (which is also the 4-hour resistance), and support is at 18200-17800.
Look for buying opportunities on Monday, with real-time updates afterward, stop-loss at 17600.
TARGET IS 19100-19300.
If price goes up directly, i will wait 19100-19300 for a short opportunity instead.
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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.