We are sitting on a 20% Fibonacci retracement since the December low, expecting the 32-day Moving Average to hold here. Catching a falling knife comes with risks thus why a stop loss is recommended.
Note
*since May 30 high.Trade closed: target reached
Congrats to those who followed :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.