Today's Trading Signals for $BRETT
Action: Long & Short positions
Entry Range:
Long: $0.1270 - $0.1290
Short: $0.1410 - $0.1430
SL:
Long: $0.1250
Short: $0.1435
TP:
Long: $0.1340
Short: $0.1300
Currently, BRETT is showing a consolidation pattern between $0.1256 and $0.1431, with price fluctuating within this range. This indicates potential for a range-bound trading strategy, where price is likely to bounce within these levels.
For Long positions, an entry between $0.1270 and $0.1290 is ideal as price is near the lower boundary of the consolidation zone. Target a 5% profit around $0.1340 while placing a stop-loss just below $0.1250 to manage risk.
For Short positions, enter near $0.1410 and $0.1430, as these are near the upper boundary of the consolidation. Set a take-profit target at $0.1300 (approximately 8% profit) while keeping the stop-loss at $0.1435 to minimize downside.
This is a scalping strategy aiming for quick, small profits by taking advantage of short-term price swings within the consolidation range.
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🚨Note: Trade at your own risk. DYOR.
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