Lumen: Example of Long Trade

What do you think about such a buying opportunity? The price bounced from SMA200 and we god a reversal signal. RSI and MACD histogram confirmed the price reversal. It gave us a trade signal in the direction of the bullish trend. I missed the right entry point but it is possible to wait for a pullback or open long positions using the current prices.

Here is an example of a long trade:
Buy above 0.079500
Stop below 0.071000
Profit Target at 0.11950

Risk per trade must be no more than 10% of the capital.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.