1. Support Level (White Horizontal Line): The price is expected to decline to the support level before reversing upward.
2. Stop Loss (Yellow Line): Place a stop loss below 2,680.0 to protect against further downside.
3. Target (Resistance Zone): The price could move toward the target at 2,740.3 after bouncing off the support level.
Suggested Plan:
Entry: Buy near the support level after confirmation of a reversal (e.g., bullish candle).
Stop Loss: Set below 2,680.0 to limit risk.
Take Profit: Target the resistance zone at 2,740.3.
2. Stop Loss (Yellow Line): Place a stop loss below 2,680.0 to protect against further downside.
3. Target (Resistance Zone): The price could move toward the target at 2,740.3 after bouncing off the support level.
Suggested Plan:
Entry: Buy near the support level after confirmation of a reversal (e.g., bullish candle).
Stop Loss: Set below 2,680.0 to limit risk.
Take Profit: Target the resistance zone at 2,740.3.
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Unlock Market Insights! 🚀
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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.