Short

SHORT POSITION!

Updated

A great opportunity to short! The price action Is respecting the Fibonacci Retracement aiming to the 38k region!

Thanks for your attention!

Comment

If you don't understand the Fibonacci Retracement setup, excuse, I explain.

1- The retracement tool Is extended from the top of the candle that starts the previous decline with the 0.5 level at the candle pivot (lower price) of the price's retracement;

2- Then, the 0.786 (49467) level now Is the resistance for the pullback. Respecting that, the setup Is validated;

3- Now, the expected fall can be touch the levels below with a logical target at least the 0.236.

Comment

The ideal entry on this case was até the 0.786 level (49467).

Thanks for your like. ☕

firmestudio

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