Entry Zone:
The market has recently experienced a sharp rise, reaching a key resistance area at approximately 145$
This level coincides with the 61.8% Fibonacci retracement level, making it a potential reversal zone.
The price is now pulling back, indicating a possible opportunity for a short entry around this area.
Target:
Targeting the key high 175
Stop Loss:
Place a stop loss below 38$ ish
Trade Rationale:
After a strong rally breakount of the accumulation range the market has begun to show signs of strength.
This 61.8% Fibonacci retracement is a perfect setup for continuation.
The market has recently experienced a sharp rise, reaching a key resistance area at approximately 145$
This level coincides with the 61.8% Fibonacci retracement level, making it a potential reversal zone.
The price is now pulling back, indicating a possible opportunity for a short entry around this area.
Target:
Targeting the key high 175
Stop Loss:
Place a stop loss below 38$ ish
Trade Rationale:
After a strong rally breakount of the accumulation range the market has begun to show signs of strength.
This 61.8% Fibonacci retracement is a perfect setup for continuation.
💎💎- Professional Trader
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💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
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.
💎💎- Professional Trader
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
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.