Entry Point:
Optimal Entry: Aim to enter around $2.88 to $2.90. This is close to the current market price and above the pivot point, suggesting that the bullish momentum has support.
Aggressive Entry: If you're looking for an earlier entry and can tolerate more risk, consider entering at any slight pullback near the $2.80 level, which aligns with the pivot point providing additional support.
Take Profit Points:
First Target (T1): Set the first take profit level at $3.55, which aligns with the first resistance (R1). This level is a significant jump and likely to encounter some resistance.
Second Target (T2): If the momentum continues, aim for the second resistance level at $4.56 (R2). This target is more ambitious and depends on continued market bullishness.
Stop Loss:
Stop Loss Level: Set a stop loss at $2.50. This is below the pivot point and a recent low, providing a buffer against normal fluctuations while protecting against significant downturns.
Optimal Entry: Aim to enter around $2.88 to $2.90. This is close to the current market price and above the pivot point, suggesting that the bullish momentum has support.
Aggressive Entry: If you're looking for an earlier entry and can tolerate more risk, consider entering at any slight pullback near the $2.80 level, which aligns with the pivot point providing additional support.
Take Profit Points:
First Target (T1): Set the first take profit level at $3.55, which aligns with the first resistance (R1). This level is a significant jump and likely to encounter some resistance.
Second Target (T2): If the momentum continues, aim for the second resistance level at $4.56 (R2). This target is more ambitious and depends on continued market bullishness.
Stop Loss:
Stop Loss Level: Set a stop loss at $2.50. This is below the pivot point and a recent low, providing a buffer against normal fluctuations while protecting against significant downturns.