Fibonacci Retracement Levels:
- 0.786
- 138.4780.618:
- 129.8920.5
- 123.8650.382
- 117.8330.236
- 108.172
Support and resistance:
Resistance: There is a downtrend line acting as resistance. Immediate resistance is around 113.75.
Support: Strong support is around 105.29. Another key support level is 95.761.
Current price: 110,179
Indicators:
Bollinger Bands: Price is moving between the middle and lower bands, indicating the possibility of prices fluctuating in a narrow range.
Stochastic indicator: The RSI is in the oversold zone, suggesting a possible price increase.
Recommended Entry Point 🎯
Entry: Consider entering a buy order if price breaks above the downward resistance trend line, around 113.75, confirming the uptrend. 📈
TP:
- City 1: at 123,865.
- City 2: at 129,892.
- End City: at 138,478.
SL: 105.29.
Place stop loss below support, around 105.29. If the price falls below this level, it could indicate a further downtrend. 🛑
By adhering to these levels, you can optimize your entry and exit points to manage risk and maximize potential profits.
Keep an eye on the market for any material changes that could affect this analysis. 📊🔍
*Lưu ý: Do your own research
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