NNDM 12-12-2020 Long
Asset and Time frame -NNDM,1H
Entry Price - 5.95(Prefered entry) Or 6.24
Exit(Stop Loss) -5.73
Exit(Take Profit) -7.90 (If momentum is strong I would keep holding it until the trend is tired)
Technical Analysis -Price is nearing a significant support line from November, price is inside a down-trending channel, RSI couldn't get to oversold territory on the hourly chart, the main thing we need in order to get this trade done is the market sentiment shift back to bullish once the US Congress will decide about stimulus checks
What can be improved & Conclusion & End of Trade -
Entry Price - 5.95(Prefered entry) Or 6.24
Exit(Stop Loss) -5.73
Exit(Take Profit) -7.90 (If momentum is strong I would keep holding it until the trend is tired)
Technical Analysis -Price is nearing a significant support line from November, price is inside a down-trending channel, RSI couldn't get to oversold territory on the hourly chart, the main thing we need in order to get this trade done is the market sentiment shift back to bullish once the US Congress will decide about stimulus checks
What can be improved & Conclusion & End of Trade -
Trade closed: target reached
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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.
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.