The $NFP/USDT pair has demonstrated strong bullish momentum over the past 24 hours, with a notable price surge. On the 1-hour chart, a clear uptrend is visible, with the price forming higher highs and higher lows. The Relative Strength Index (RSI) is currently in the overbought zone, indicating a potential short-term pullback before the upward movement continues.
Trading Signals:
Short-Term (1-4 Hours):
Conservative: Wait for a slight pullback to the $0.2650 - $0.2700 support range before considering a long position.
Aggressive: Enter a long position at the current price, using a tight stop-loss below the recent swing low.
Long-Term (4-24 Hours):
Conservative: Wait for a deeper retracement to the $0.2500 - $0.2600 support range before taking a long position.
Aggressive: Enter a long position at the current price, with a wider stop-loss below the recent swing low.
Risk Management:
Use stop-loss orders to protect your capital.
Consider setting take-profit orders to lock in profits at predetermined levels.
Control your position size to manage risk effectively.
#CorePCESignalsShift #MarketPullback #USJoblessClaimsFall $NFP