Analysis: Right now patience is the key on the market, there is no need for huge spikes to the upside. A constantly growing trend will do the job if a lot of people are interested of buying. A lot of analyst posting about 50/50 chances about the price to go up or down, it's always the case, but we need to be 1 step ahead before the price action. If you wait until you see a huge price rise, you miss the low risk-reward opportunities from buying now safely with a stop loss of 1.10$, and you will start buying at 1.6 or even higher to catch the rise and you will have a nonsense risk reward ratio on the trade. As I shared my chart about my last long position you can see that I entered at the bottom of the correction from 1.2$, so our stop loss is at 1.10 in case of a sudden flash crash. I am not speaking about targets right now until we will go higher than the previous high. If it takes a lot of time to get to that top again, it will offers us higher price targets as well.
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