MRSN rangebound; swing traders will love this

Ever since that crazy drop MRSN has been rangebound. As you can see, the channel can be split into two smaller channels. This is the ideal scenario to buy the bottom and sell the top. The Stochastic RSI is your best friend in this type of setup. If you are more conservative, wait for the candle to touch support and look for a bullish crossover on the RSI. That is your "buy" signal. However, as you can see from the vertical lines, every time the Stoch RSI crossed bullish the price went up, even if the candle was not touching support. The price move was smaller in those cases so you would have a little less profit. Any of these strategies would be lucrative here. Your risk is minimal because you can exit if the channel is broken to the downside.

Safe trades!

***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***

***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***

הערה:

Getting there:

הערה:

Get ready to pull the trigger!

הערה:

Now!

הערה:

Keep an eye on those moving averages. They may offer some resistance.

הערה:

If the Stoch RSI hits that first resistance level and the candles are not above the moving averages I will close part of my position.

הערה:

Just one more EMA and we will be very close to the first target!

הערה:

And we are above the 21-ema:

הערה:

Sold my shares here. Waiting for another entry:

הערה:

Looks like people want to keep trading the channel lol: