There is a CHANCE TO REVERSE THE TREND OF THE YEAR
Updated
The past trading week was marked by growth. The weekly candle was not as strong as the one before last, but still showed enough bullish strength. Friday was quite volatile, but ended on a bullish note, leaving the bears with only Thursday, which saw a decline compared to the previous growth.
Our trading strategy points to further growth. The configuration of the previous market dynamics puts a ceiling on the upward movement at the level of 0.6085.
The October high at 0.60555 remains an important reference point. Breaking above this level would provide the first sign of a reversal in the downtrend from the February 2, 2023 high of 0.65378.
At the market open, we are placing a buy order slightly below Friday's closing price at 0.5985.
Ride the waves, but don't forget to buckle up and enjoy the ride $-)
Our trading strategy points to further growth. The configuration of the previous market dynamics puts a ceiling on the upward movement at the level of 0.6085.
The October high at 0.60555 remains an important reference point. Breaking above this level would provide the first sign of a reversal in the downtrend from the February 2, 2023 high of 0.65378.
At the market open, we are placing a buy order slightly below Friday's closing price at 0.5985.
Ride the waves, but don't forget to buckle up and enjoy the ride $-)
Trade closed: target reached
+1.67% per day
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