Current Trend:
The trend is aggressively bullish.
Reasoning for Long Position:
The current strongly bullish trend makes it risky to take short positions.
To optimize risk, a long position is taken at the current price of 10.63 USDT.
Exit target set at 14.5 USDT.
Position Management Strategy:
The position is divided into two targets:
First target (TP1): 11.60 USDT.
Second target (TP2): 14.5 USDT.
Additional Technical Analysis:
The price appears to be within a block order zone, which may provide additional support for price appreciation.
Conclusion:
With a strongly bullish trend and technical analysis supported by the presence of a block order zone, taking a long position at 10.63 USDT with exit targets at 11.60 USDT and 14.5 USDT seems to be an appropriate strategy to optimize risk while seeking to benefit from the bullish trend. However, it's important to closely monitor market developments and adjust positions accordingly to minimize potential losses.
The trend is aggressively bullish.
Reasoning for Long Position:
The current strongly bullish trend makes it risky to take short positions.
To optimize risk, a long position is taken at the current price of 10.63 USDT.
Exit target set at 14.5 USDT.
Position Management Strategy:
The position is divided into two targets:
First target (TP1): 11.60 USDT.
Second target (TP2): 14.5 USDT.
Additional Technical Analysis:
The price appears to be within a block order zone, which may provide additional support for price appreciation.
Conclusion:
With a strongly bullish trend and technical analysis supported by the presence of a block order zone, taking a long position at 10.63 USDT with exit targets at 11.60 USDT and 14.5 USDT seems to be an appropriate strategy to optimize risk while seeking to benefit from the bullish trend. However, it's important to closely monitor market developments and adjust positions accordingly to minimize potential losses.
