Having shed off 60% from its 2021 high, price have reached its multi- year resistance which has now flipped to support. The support zone held has buyers rushed in to defend the zone closing the day with 7% rise and printing a bullish engulfing daily candle. which now serves a confirmation that the buyers are in charge of the market.
hence we can now place our buys and long the market.
Buy range -$35-$37 .
first take profit range is at $49-$52
Goodluck!!
hence we can now place our buys and long the market.
Buy range -$35-$37 .
first take profit range is at $49-$52
Goodluck!!