Stellantis (STLA) has pulled back to a strong historical support level, aligning with an old bullish trendline that has served as a base for previous upward movements. This confluence of technical factors indicates a solid area for potential long entries with limited downside.
The current setup offers an exceptional risk-to-reward ratio of approximately 1:24, as we're positioned near support with a clear path to the last higher high at the ATH level. As long as support holds, a move towards ATH is likely, fueled by a reactivation of the prior bullish momentum.
Key Notes:
Risk management is crucial: The close stop-loss limits downside exposure, and the target offers substantial reward potential. Confirmation on support strength would reinforce the setup, adding confidence to the upside.
Disclaimer: This is not financial advice. Please do your own research or consult a financial advisor before making any trading decisions.
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I forgot to mention, volume has also increased, signaling renewed buying interest and adding strength to the bullish setup.
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน
Yesterday, the stop-loss was triggered with a 4.63% loss. Not a big issue—losses like this are part of the game and a normal aspect of a solid risk management strategy.
การซื้อขายยังคงดำเนินอยู่
Today, after seeing a rebound, I decided to re-enter the position with the same size. The setup still looks promising, and I’m ready to see where this move takes us!