๐๐- Optimal Entry: Focus on buying dips near $177.50, aligning with the 7-period MA support.
๐- Context: Price is consolidating below the $180 resistance after rebounding from the MA(25) support at ~$175.19.
Stop-Loss (Risk Management)
๐- Placement: $174.20 (below the MA(25) and prior consolidation base).
๐- Purpose: Protects against a breakdown invalidating the bullish structure.
๐Take-Profit Targets
๐1. TP1 (Conservative): $180.50 โ Slightly above the recent high at $180.
๐2. TP2 (Moderate): $183.00 โ Next psychological resistance if momentum continues.
๐3. TP3 (Aggressive): $186.00โ$188.00 โ Extended target if volume and trend strength persist.
๐- Trailing Stop: Activate after TP1 is hit to lock in profits while allowing room for upside.
๐Key Metrics
๐งจ- Risk/Reward Ratio: ~1:2 or better (varies based on entry and exit precision).
๐- Summary:
๐ - Entry: $177.50โ179.00
๐ - Stop-Loss: $174.20
๐ - Take-Profit: $180.50 / $183.00 / $186โ188
๐Rationale :
The setup capitalizes on a pullback to dynamic support (MA levels) amid a bullish trend, targeting a breakout above immediate resistance. The tiered profit-taking balances locking in gains and maximum trend potential.#tradingplan