When reviewing the Weekly chart there is a possible Demand/Support zone at 3000-2900.
RSI on Weekly & Daily charts in oversold territory with a reversal likely from this zone.
Aggressive entry < 3100
Ideal entry < 3000 if it gets there
Target 1 @ 4500 - 4600 (Profit around 50%)
Target 2 @ 5000 - 5200 (Profit around 65%)
Risk around 16%
RSI on Weekly & Daily charts in oversold territory with a reversal likely from this zone.
Aggressive entry < 3100
Ideal entry < 3000 if it gets there
Target 1 @ 4500 - 4600 (Profit around 50%)
Target 2 @ 5000 - 5200 (Profit around 65%)
Risk around 16%
Trade active:
Had to wait 2-3 months to develop
Still time to buy @ price < 3000 with stop < 2600
Risk = 13%
Reward = 50% if target 4500
Still time to buy @ price < 3000 with stop < 2600
Risk = 13%
Reward = 50% if target 4500