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RED Position Recommendations
Based on the above analysis, the most profitable positions in the short term are as follows:
Long (Beli) positions:
Entry Point: Buy at $0.8340-$0.8360 (level the moment with a slight decline for support) confirmation.
Profit Target: $0.8765 (resistensi terdekat) or $0.9000 (target ambisius).
Stop Loss: $0.8200 (di below EMA-5 support and psikologis) level.
Reason: The bullish momentum is still there, and the previous breakout suggests continued potential. However, the risk of overbought must be considered.
Risk Management:
Use a risk-reward ratio of at least 1:2 (misalnya, risk $0.014 per $0.042 keuntungan).
Monitor volume and RSI for signs of reversal. If volume drops dramatically or the RSI exceeds 75, consider locking in profits early.
Short Position Alternatives (Jual):
If you are skeptical of trend continuation and see signs of overbought, you can go short at $0.8400 with a target of $0.8200 and stop loss at $0.8500. However, this is less advisable at the moment as bullish momentum is still dominant.
Conclusion
Long positions are the most profitable in the short term (1-4 jam) with a realistic target at $0.8765 and higher potential if the trend continues. However, watch out for signs of market fatigue (penurunan volume, RSI overbought) and prepare an exit plan.
#RED#