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Trade Strategy
๐น Trend Analysis ๐
Price is in an uptrend, making higher highs and higher lows. ๐
RSI is approaching overbought levels, so a retracement could happen. โ ๏ธ
๐น Entry Strategy ๐ฏ
Buy on pullbacks to key support levels (blue dotted lines). ๐
Confirm with RSI staying above 50. โ
๐น Exit Strategy ๐ฐ
Take profits near resistance (red dotted lines). ๐ฏ
If RSI crosses 70 (overbought), consider reducing position. ๐จ
๐น Risk Management ๐ฅ
Set stop-loss below recent support. ๐
Never risk more than 2% of your capital. ๐ฆ
๐what do you think about pengu make sure to comment.