📌 Entry area:
🔹 $10.80 - $10.95
🎯 Targets:
✅ First target: $11.20
✅ Second target: $11.50
✅ Third target: $12.00
🛑 Stop loss:
🔻 $10.35
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📊 Technical analysis:
🔸 The price bounced from the recent low at $10.35 with relative stability in the horizontal area, indicating a potential support base formation.
🔸 RSI (55.28): Still in the middle zone, allowing for further upside before reaching overbought conditions.
🔸 MACD: Slight positive crossover with movement in the positive territory, indicating the beginning of upward momentum.
🔸 Volume indicators show relative calm, but any noticeable increase in trading volume could support a strong breakout.
💡 Confirmation of upward movement:
Breaking the $11.20 level will confirm the return of momentum and increase the chances of targeting $12.00 in the coming days.
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📢 Risk management:
✔️ Take partial profits at each target and adjust the stop loss as the price progresses.
✔️ Staying above $10.80 keeps the trend neutral to bullish.
✔️ Breaking $10.35 will be a sell signal to avoid risk.
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My opinion:
The market is in a horizontal consolidation after a sharp correction from $13.34, making this level attractive for entry in hopes of a bullish reversal, provided there is close monitoring of volumes and the movement of RSI and MACD in the coming hours.
Are you considering entering the trade? Would you like me to follow up with you on upcoming updates?