$SAGA Update
๐น Status: SAGA is currently attempting to break out of a major resistance level associated with a cup-and-handle pattern.
๐น Chart Analysis: #SAGA๐ฅ๐ฅ
All critical resistance and retest levels have been clearly marked on the chart for better clarity and decision-making.
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What to Watch:
1. Breakout Confirmation: Look for a strong candle close above the resistance with significant volume.
2. Retest Opportunity: If it pulls back, the retest of the breakout level could present an ideal entry point.
3. Momentum Indicators: Monitor RSI and MACD for confirmation of bullish momentum.
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Action Plan:
Prepare laddered entry orders to average out the position.
Be ready to take partial profits at key targets and adjust stop-loss levels accordingly to lock in gains.
โ ๏ธ Note: The current market environment requires careful attention to risk management. Always trade with caution.