DLavrov

Stellar Buy Opportunity

Long
The market dropped to the support zone formed by the uptrend line and 0.017000 support level. This zone can stop and reverse the falling market. In order to catch a possible upward movement after price reversal, we can place pending orders for buy above the local swing high based on the 1H chart. It's 0.019300 level. If we get a new swing high which is lower than 0.019300 level, we'll move pending orders to the new swing high. Stop orders must be placed below 0.016500 level. Profit targets are at 0.022500 and 0.024500 resistance levels. If the price breaks the uptrend line without activation of pending orders, we'll have to delete these orders and wait for a new trading opportunity.

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