Although the momentum is bullish, the strong resistance would lead to a retracement.
Note
Another scenario to $2.5 .it depends on how your fib ratio line is drawn.
Do not short until strong reversal signal is out.
Note
The magic of fib ratio!Trade closed: target reached
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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.