$PUNDIX 🚀 🚀 BULLISH 🚀 🚀
Trade Setup:
Entry Point: Considering the recent bullish momentum, a potential entry point could be on a pullback to the $0.45–$0.46 range, aligning with the 20-day EMA support.
Stop-Loss: A stop-loss can be placed below the recent swing low at $0.41 to manage downside risk.
Take-Profit Targets:
Target 1: $0.52 – Near the recent high, serving as the first resistance level.
Target 2: $0.60 – If bullish momentum continues, this level could be tested.
Risk Management:
Given the mixed signals across different timeframes, it's advisable to monitor the price action closely. Adjusting the stop-loss to breakeven once the price reaches the first target can help protect gains.
Note: Always conduct your own research and consider your risk tolerance before entering any trade.