$HIGH Buy Long Now | Horn kakada en Binance Square

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$HIGH Buy Long Now

Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

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It #### **Bearish Indicators (Favoring a Short --- ### **Should You Go Long or Short?** Given the current market sentiment and technical indicators, here's my recommendation: #### **Short Position (Favored):** - **Why?** The predominance of bearish indicators (downtrend, negative MACD, bearish divergence) suggests that "IP" is under selling pressure. While oversold RSI levels could lead to a short-term bounce, the overall trend remains bearish unless a clear reversal pattern forms. - **Key Levels to Watch:** - Set stop-loss orders above resistance levels (e.g., 2.25 or 4.45) to manage risk in case of an unexpected reversal. - Monitor support levels at 1.85 and 2.80. If these levels break, further declines are likely. #### **Long Position (Cautious Consideration):** - **Why?** Oversold RSI conditions and mentions of potential reversals at support levels (e.g., 2.80) suggest there could be short-term buying opportunities. However, bullish momentum is not strongly confirmed, and skepticism remains about reaching higher price targets like 4.8. - **Key Levels to Watch:** - Consider entering a long position near support levels (e.g., 1.85 or 2.80) with a tight stop-loss below these levels to limit risk. - Look for confirmation of a reversal (e.g., bullish divergence on RSI/MACD or a breakout above resistance) before committing to a long position. ---

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