watch

Caution on Price Overextension: Prepare for Minor Correction

If 122 isn't broken, a minor correction is likely. Avoid interfering with the spot, but if you have a long position with leverage, definitely set a stop-loss or take profits. The price has become very inflated in recent days. Don't give back your gains.
Source available for registered users Sign Up Free

AI Analysis

Recent market activity indicates that the price has surged to levels that might be unsustainable, suggesting a possible minor correction if the critical support level at 122 is not broken. Traders hol...

AI Recommendation

Those with long positions using leverage should prioritize risk management by setting stop-loss orders or locking in profits to safeguard gains. It is advisable to avoid making new aggressive entries ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: