It bounced up to the 0.382–0.5 Fibonacci level of the previous dump wave (around $0.7). If the same movement gets repeated now, it should bounce up to the 0.382–0.5 Fibonacci level of the current dump wave (around $0.5).
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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.