Hello trader' what do you think about usoil
1. **Initial Analysis**: You mentioned a strong buy signal for Usoil to reach higher highs, but it has since broken and rejected the area around 79.90 and 80.00.
2. **Resistance and Support Zones**: Currently, you're observing the market testing resistance zones at 79.80 and 80.20. If these levels hold, the market may experience a pullback towards support zones at 75.60 and 74.70.
3. **Stop Loss Level**: It's important to set a stop loss to manage risk. You suggested a stop loss at 81.50 to limit potential losses if the market moves against the anticipated direction.
Please like comment and follow thank you for support
1. **Initial Analysis**: You mentioned a strong buy signal for Usoil to reach higher highs, but it has since broken and rejected the area around 79.90 and 80.00.
2. **Resistance and Support Zones**: Currently, you're observing the market testing resistance zones at 79.80 and 80.20. If these levels hold, the market may experience a pullback towards support zones at 75.60 and 74.70.
3. **Stop Loss Level**: It's important to set a stop loss to manage risk. You suggested a stop loss at 81.50 to limit potential losses if the market moves against the anticipated direction.
Please like comment and follow thank you for support