Long
FTM update
Heres the 4hr fibonacci lines that show checkpoints in the movement. I think we are locally overbought, and have fomo volume.
I think the big players trading this are expecting a retracement down to one or two of the lines, at 0.32 and at 0.29. I have staircase limit orders set between 0.32, 0.315, 0.31, 0.305, and 0.3. We might hit the top fib at 0.35, Im still long, and only investing additional capital into this when i see red candles.
I expect any such retracement to be bought up, no signs of an extreme fall in sight.
I think the big players trading this are expecting a retracement down to one or two of the lines, at 0.32 and at 0.29. I have staircase limit orders set between 0.32, 0.315, 0.31, 0.305, and 0.3. We might hit the top fib at 0.35, Im still long, and only investing additional capital into this when i see red candles.
I expect any such retracement to be bought up, no signs of an extreme fall in sight.
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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.