I am longing at this level with a tight Stop loss. This trade is a risky one. Be aware of a fast wick down movement.
The main reasons for longing it:
* 4x bounces from the 0.618 fib level * We are in the longterm in a bullish trend * Bounces many times from the supportline (NOT support zone) * The momentum is going up
Trading setup: Entry: $10.55 SL: $9.88 TP: $13.53
Disclaimer: DYOR. No financial advice. Just for your impression.
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