The asset is currently trading inside a descending channel, within which we made a major liquidity manipulation from below and the last return to the rangeđ
In the near term, it will be interesting to see a resweep of the last low, with a buy reaction and a continuation up towards the swing high of $6.925đ
Enter the trade from current($6.33$-5.96$).
đ Stop loss will be at (5.66$).
â First take (6.531$)
â Second take ($6.605)
â Third take ($6.925)
When the first take is reached, the stop loss should be moved to breakeven.
Reaching the third take will amount to 9.5% of net movement excluding shoulders.
