SAGA - Strong Recovery with the bullish opportunity
#SAGA/USDT #Analysis
Description
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+ Price has hit the horizontal support zone twice and bounce back immediately, which implies that the support is holding strong and it's highly unlikely that price will go below the support zone.
+ Currently price is at the resistance zone and a strong breakout from this resistance zone will push the price higher yielding a decent profit for long trade.
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VectorAlgo Trade Details
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Entry Price: 1.7419
Stop Loss: 1.1308
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Target 1: 2.0901
Target 2: 2.5828
Target 3: 3.1821
Target 4: 4.6493
Target 5: 6.4239
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Description
---------------------------------------------------------------
+ Price has hit the horizontal support zone twice and bounce back immediately, which implies that the support is holding strong and it's highly unlikely that price will go below the support zone.
+ Currently price is at the resistance zone and a strong breakout from this resistance zone will push the price higher yielding a decent profit for long trade.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 1.7419
Stop Loss: 1.1308
------------------------------
Target 1: 2.0901
Target 2: 2.5828
Target 3: 3.1821
Target 4: 4.6493
Target 5: 6.4239
------------------------------
Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Comment
Price got rejected around the resistance. 
Enhance. Trade. Grow
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
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