🎯 Tactical Trade Proposal for Fiverr: Trade AlertThis trade idea for Fiverr is a short-term play based on technical analysis, with caution advised due to potential volatility and uncertain directional movement. The analysis does not rely on fundamental factors but rather on technical indicators.
Entry: 20.68
The entry point is determined by the Fair Value Gap (FVG) and supported by demand zones (SMC). This entry presents the optimal scenario when the FVG is above the demand zone.
Stop Loss (SL): 19.86 (-0.50% from demand zone)
To manage risk, a stop loss is set at 0.50% below the demand zone, offering protection in case the trade moves against expectations.
Take Profit (TP): 22.37
The take profit level is set at 22.37 to capitalize on potential upward momentum. Beyond this level, there are indications of bearish momentum, hence offering a suitable exit point.
Note: If the price approaches within 0.10% of the target and shows signs of further decline, consider closing the position prematurely to secure gains or minimize losses.
Remember, this is a short-term trade idea, and it's essential to monitor the price action closely and adjust strategies accordingly. As always, manage risk diligently and consider your risk tolerance before executing any trades.
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