LINK: Buying Opportunities at Support Zones
The price reached the support zone formed by SMA50 and 12.00$ support level. If there is a reversal signal, it will be a buying opportunity with the stop orders below the local swing low and the support zone and the profit targets at SMA200 and 18.00$ resistance.
If the price breaks the support zone, we should be ready to see a downward movement toward the next support at 10.00$ level. Reversal signals from that support also will be good for buying with the same profit targets and stop orders below the local swing low.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks the support zone, we should be ready to see a downward movement toward the next support at 10.00$ level. Reversal signals from that support also will be good for buying with the same profit targets and stop orders below the local swing low.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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