#TradeWarEases The chart shows a bullish engulfing pattern near the recent low of $0.25900, signaling a potential short-term reversal.
How to trade for bigger reward (short words):
Entry: Enter near $0.263–$0.264 after confirmation.
Stop-loss: Just below $0.259 (recent low).
Target 1: $0.267–$0.270 (middle to upper Bollinger band).
Target 2 (aggressive): $0.272+ if momentum continues.
Volume confirms reversal.
Great! Here's a risk-reward strategy for this setup:
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Trade Plan: Bullish Engulfing Reversal
Entry Zone:
$0.263 – $0.264 (current minor breakout zone)
Stop-Loss:
$0.2585 (just below the recent low at $0.25900)
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Targets & Risk-Reward
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Extra Tips:
Volume Spike confirms move – bullish signal.
MACD still bearish but showing slowdown — wait for crossover to stay longer.
Move stop-loss to entry (break-even) once $0.267 is reached.