Trading Strategy

A. Entry Point

Ideal entry: Around MA(7) which is $3.32 during retracement, or now for aggressive entry.

Bullish confirmation: If price is able to break and sustain above $3.60 (local resistance / previous high).

B. Take Profit (TP) Target

TP 1: $3.60 (resistance test)

TP 2: $3.76 (previous high)

TP 3: $4.00 (psychological number)

C. Stop Loss (SL)

Conservative SL: $3.25 (below MA(7))

Long-term SL: $3.00 (MA(99) as strong support level)

$PENDLE