SRM LONGTERM ANALYSIS
Updated
In our previous SRM analysis, we identified areas to buy and averege in.
We have gotten our wish buy zone at the 1.236 fib support region which coincides with the PoC(Point of Control) on the Volume Profile tool.
We can also see the RSI is at support region tho not oversold yet(weekly) and the Stochastic is oversold which makes for a good buying opportunity to average in.
However, don't go all in and only invest what you can afford to lose at these prices as Bitcoin could still take another rollercoaster ride to the downside.
Watch and place more orders around the $1-0.8 dollar region for volatility.
Hold till Price Rejection.
If you agree pls like and share your thoughts below.
We have gotten our wish buy zone at the 1.236 fib support region which coincides with the PoC(Point of Control) on the Volume Profile tool.
We can also see the RSI is at support region tho not oversold yet(weekly) and the Stochastic is oversold which makes for a good buying opportunity to average in.
However, don't go all in and only invest what you can afford to lose at these prices as Bitcoin could still take another rollercoaster ride to the downside.
Watch and place more orders around the $1-0.8 dollar region for volatility.
Hold till Price Rejection.
If you agree pls like and share your thoughts below.
Comment
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