The price created a double bottom on the daily support on 8.26$ and got a lot of liquidity
Mow the price is testing the 1.618 Fibonacci level, so we could see a retracement until the previous ATH as new support
How to approach?
We are waiting for the retracement until the previous ATH as new support, and We analyze again for a new long position if the price is going to satisfy our rules
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Mow the price is testing the 1.618 Fibonacci level, so we could see a retracement until the previous ATH as new support
How to approach?
We are waiting for the retracement until the previous ATH as new support, and We analyze again for a new long position if the price is going to satisfy our rules
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Kommentar:
The price starts with the retracement. The valid support is 42$ so far
Kommentar:
the price lost the support and it's melting
32% so far
32% so far
Kommentar:
The price needs to hold the 4h support or We could see a retest of the monthly support on 21$
Kommentar:
38% so far.
The Next valid support is 21$.
The Next valid support is 21$.
Kommentar:
We made more than 43% since my call.
If the price is going to lose the 28$ support and the market is going to satisfy our rules, we could see a bearish impulse until the 21$
If the price is going to lose the 28$ support and the market is going to satisfy our rules, we could see a bearish impulse until the 21$
Kommentar:
53% so far
Trade geschlossen: Ziel wurde erreicht:
76%
