Sol Touch the Strong Resistance and Now It's Bullish
The Back Ground
Sol Start a new bullish tend every time we see RSI in oversold region and every time it was so quick to gain the new high, while on the other side the preciously established 50% fibo retracement level is in play.
Point:
RSI is is recovering from oversold zone, price already retrace above to previous day close, last day candle is a rejection signal with decent volume which will be confirmed with today close. It also lose 50% from its all time high which is a opportunity for byers.
Pay Attention to Today Close and Rejection Confirmation
It is better to plan your trade above test confirmation candle and ride that trade till ATH , and you may enjoy TP1 at psychological level of 200.
Use a wise stop loss below 115 as in a quick move I am still expecting the deep pockets may move it down to liquidate the leveraged positions.
It is not financial advice; always do your research.
Please, feel free to ask your question; write it in the comments below, and I will answer.
Sol Start a new bullish tend every time we see RSI in oversold region and every time it was so quick to gain the new high, while on the other side the preciously established 50% fibo retracement level is in play.
Point:
RSI is is recovering from oversold zone, price already retrace above to previous day close, last day candle is a rejection signal with decent volume which will be confirmed with today close. It also lose 50% from its all time high which is a opportunity for byers.
Pay Attention to Today Close and Rejection Confirmation
It is better to plan your trade above test confirmation candle and ride that trade till ATH , and you may enjoy TP1 at psychological level of 200.
Use a wise stop loss below 115 as in a quick move I am still expecting the deep pockets may move it down to liquidate the leveraged positions.
It is not financial advice; always do your research.
Please, feel free to ask your question; write it in the comments below, and I will answer.