Entry & exit strategy with Fibonacci retracement line.
The price has experienced a significant rally, indicating bullish momentum.
52w High (0.675): This is a critical resistance level that the price has tested. A confirmed breakout above this level indicates bullish strength.
The price is currently trading above the Kumo, suggesting a bullish trend.
Chikou-span is above the price and Kumo, further confirming the bullish sentiment.
The Tenkan-Sen and Kijun-Sen lines are trending upwards, supporting the bullish momentum.
Fibonacci Retracement Levels:
Entry 1: 50% retracement at 0.600.
Entry 2: 38.2% retracement at 0.580.
These levels offer potential buy zones in case of a pullback.
Stop loss below 0.540 (14.4% Fibonacci level).
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The price has experienced a significant rally, indicating bullish momentum.
52w High (0.675): This is a critical resistance level that the price has tested. A confirmed breakout above this level indicates bullish strength.
The price is currently trading above the Kumo, suggesting a bullish trend.
Chikou-span is above the price and Kumo, further confirming the bullish sentiment.
The Tenkan-Sen and Kijun-Sen lines are trending upwards, supporting the bullish momentum.
Fibonacci Retracement Levels:
Entry 1: 50% retracement at 0.600.
Entry 2: 38.2% retracement at 0.580.
These levels offer potential buy zones in case of a pullback.
Stop loss below 0.540 (14.4% Fibonacci level).
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Trade closed: stop reached
Hit SL
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.
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.