Recent price action is showing that 50% retracement held nicely at a support level.
I´m taking the trade if friday´s high is broken (@63.19).
If recent bottom is breached (@56.43, trade is invalidated (or stop loss if trade had started).
Targets are:
69.96 (1:1 risk/reward)
83.44 (3:1 risk/reward close to 161,8% fib extension)
I´m taking the trade if friday´s high is broken (@63.19).
If recent bottom is breached (@56.43, trade is invalidated (or stop loss if trade had started).
Targets are:
69.96 (1:1 risk/reward)
83.44 (3:1 risk/reward close to 161,8% fib extension)
Trade active
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🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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Disclaimer
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
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.