PILL 3x Leverage Medical/ Pharma ETF for swing LONG

PILL

On the 4H Chart, current market price is sitting on the support

of order blocks and the EMA200, while in an uptend from

a double bottom in the sprint. It is moving into the high volume

area of the voluxme profile. For the swing trade, the stop loss is

$0.10 below the EMA200 while the targets are marked

based on a combination of the horizontal resistances of

prior swing pivots along with sell order blocks and

the structure of the volume profile. Accordingly, this

trade risks $0.60 for about $ 4 to $ 5 of upside making for

an excellent swing setup especially since healthcare, medical

and pharmacueticals are known to be recession resilient and

ETFs are inherently diversified making leveraging a risk probably

worth taking.

Trade aktif:

PILL reversal an uptrend noted. Long trade taken.