Entry Level: $190
Stop Loss: $186
Target: $195-$199.00
Analysis:
The current entry level for initiating a short-term long position in US Coffee stands at $190. A prudent risk management strategy suggests setting a stop loss at $186 to mitigate potential losses in case of adverse price movements.
The target range for this long position is set between $195 and $199.00. This target zone reflects the anticipated price movement based on technical analysis indicators and market dynamics.
Traders should closely monitor price action and key support/resistance levels to assess the validity of this trading opportunity and adjust their positions accordingly.