- Buy/Entry Price: $71.20
- Stop Loss: $58
- Profit Targets: $90.00
The market dropped to 64.00 support level and it gives us a new buy opportunity. RSI is in the oversold zone and it’s going to reverse. MACD histogram is also going to reverse and support upward movement. DMI allows open long trades. We can start building our long positions. This time pending orders should be placed above SMA50 at 71.20 level. Stop orders can be placed below SMA100. Profit target should be at 90.00 resistance level for small part of volume. The other part of trading volume will be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 3% from your deposit.
The trading signal is based on Poloniex chart.