Celsius Holdings, Inc.Pembelian
CELH Buy Setup - 1/27 R:R Opportunity at Strong Support
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.
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.
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