am not convinced by this move
$PRL
has pumped 16.08% to $0.2722. The move is solid.
The price is now approaching $0.2750, which is a key resistance level. The buyers who got in at $0.2340 are sitting on 16% profit. They are going to start taking profits soon. The volume is decent, but I am seeing signs of exhaustion. Historically, when PRL has seen 16%+ pumps, the average pullback has been around 15-20%. If sellers take control, $0.2300-$0.2400 is within reach.
Trading Plan:
· Entry: $0.2650 - $0.2720
· SL: $0.2800
· TP1: $0.2500
· TP2: $0.2350
· TP3: $0.2200
What is your perspective on this one?
$PRL
has pumped 16.08% to $0.2722. The move is solid.
The price is now approaching $0.2750, which is a key resistance level. The buyers who got in at $0.2340 are sitting on 16% profit. They are going to start taking profits soon. The volume is decent, but I am seeing signs of exhaustion. Historically, when PRL has seen 16%+ pumps, the average pullback has been around 15-20%. If sellers take control, $0.2300-$0.2400 is within reach.
Trading Plan:
· Entry: $0.2650 - $0.2720
· SL: $0.2800
· TP1: $0.2500
· TP2: $0.2350
· TP3: $0.2200
What is your perspective on this one?