RFOX bounced from strong support! +48% profit

The price is nicely bouncing off the 0.5 USD floor and the RSI on the daily chart is cool at 30.
I'm placing the 5-6% Stop Loss just slightly below Support Level. With this the deal has a worthwhile Risk to Reward ratio.

Good luck!
Adam


Entry: 05305
StopLoss: 05024

Takeprofit:
1: 06108
2: 07000
3: 07800

After reaching TP1 I'm moving stoploss to break-even.

*not a financial advice

Kommentera:

TP1 & TP2 reached

Kommentera:

moved stoploss to entry

Trade stängt: målet nått:

Nailed this one! all targets reached, but I should have had move it further dang it :D
the graph went past bollingers and I'm waiting it out for a new buying opportunity. More setups to come!

Kommentera:

opening another order at current levels