SG is approaching a key monthly control level following a sharp decline. I’ve started a front-side entry and plan to scale in further if price moves lower toward the back-side level.Entries & Targets:
**First Entry: $13
Target 1 (T1): Daily supply zone around $15
Target 2 (T2): ~$16.50
Target 3 (T3): ~$18.50
Target 4 (T4): ~$21
**Second Entry: $11 (if price continues to decline)
Targets remain the same as above.
***Stop Loss***
Either:
Weekly candle closing with a negative (COG)
or
A confirmed candle close below $9.50.
Trade active
Front side entry at $13.00, as price is consolidating and not breaking down from the 24' Feb high.
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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.