We finally crossed the MA 50 (orange).
Historically we will see a lot of pressure to the next level above of MA 100 (red).
I've highlighted a trouble zone around ~$120
However, holding if the price stays above this, the sell spots come in at ~$145 and then at ~185
Consider the good buy zone around $89. Opening a trade there can be less riskier than getting in now.
Potential profit buy to sell #1: + 65%
Potential profit sell #1 to sell #2: + 27%
Overall, this may be a +80% trade setup.
SL @$82.
Historically we will see a lot of pressure to the next level above of MA 100 (red).
I've highlighted a trouble zone around ~$120
However, holding if the price stays above this, the sell spots come in at ~$145 and then at ~185
Consider the good buy zone around $89. Opening a trade there can be less riskier than getting in now.
Potential profit buy to sell #1: + 65%
Potential profit sell #1 to sell #2: + 27%
Overall, this may be a +80% trade setup.
SL @$82.
