📈 Entry: $0.31250 (or 31200)
🎯 Target 1: $0.3185
🎯 Target 2: $0.3200
🛑 Stop Loss: $0.2990
📊 Trend: Bullish Reversal (15m chart)
📌 Strategy: Secure partial profits at Target 1 and move SL to $0.3155 to lock in gains.
*Analysis: The 15-minute chart suggests a bullish reversal pattern, likely supported by oversold conditions or key support levels.
*Entry Zone: The entry point at $0.31250 aligns with a potential breakout or retest of a significant support zone.
*Targets:
Target 1 ($0.3185): Minor resistance zone, ideal for securing initial profits.Target 2 ($0.3200): Approaching a key resistance; a breakout could trigger further upside.
*Stop Loss Placement:
$0.2990 is below the current support and offers a favorable risk-reward ratio.
*Trailing Stop Strategy:
Adjusting the stop loss to $0.3155 after hitting Target 1 ensures risk management while allowing room for further upside movement.
*Risk Management:
Position size should align with your risk tolerance, ensuring no more than 1-2% of your capital is at risk.
🚨 Disclaimer: This is not financial advice. Always conduct your own research before making any trades.
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