CELH Buy Setup - 1/27 R:R Opportunity at Strong Support

22 พ.ย. 2024

Celsius Holdings CELH is presenting an excellent long opportunity. The price is currently at a strong support level, aligning with a bullish trendline that has guided the stock upward in the bigger picture. Recently, a bullish engulfing pattern has formed, signaling a potential reversal, which is occurring in a sweet zone where many traders were shaken out of the market. This has been confirmed by a noticeable increase in volume, further indicating that the buying pressure is returning.

The setup offers a fantastic risk-to-reward ratio of 1:27, with the next key level being the all-time high (ATH), which is not far away. This suggests significant upside potential if the support holds.

31 ธ.ค. 2024

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

Stop loss was triggered, resulting in a loss. If the price goes up again, I don’t rule out buying it back, as the general conditions haven’t changed.

5 ม.ค.

บันทึก

I bought again CELH. Next updates in this idea: