Recommendation for COFFEE:Sell
Sell Stop : Below 121Stop Loss : Above 137
RSI : Neutral
MACD : Sell
MA(200) : Sell
Fractals : Neutral
Parabolic SAR : Sell
Bollinger Bands : Neutral
Chart Analysis
On the daily timeframe, COFFEE: D1 breached down the uptrend support line and the 200-day moving average. A number of technical analysis indicators formed signals for further decline. We do not rule out a bearish movement if COFFEE: D1 falls below the last low: 121. This level can be used as an entry point. We can place a stop loss above the last 2 upper fractals, the upper Bollinger line and the Parabolic signal: 137. After opening a pending order, we can move the stop loss following the Bollinger and Parabolic signals to the next fractal maximum. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the four-hour chart and set a stop loss, moving it in the direction of the trend. If the price meets the stop loss (137) without activating the order (121), it is recommended to delete the order: there are internal changes in the market that have not been taken into account.