It rejected from fibo 0.618 (around 0,16751) 4h RSI is nearly overbought . The view make me very bullish still. Daily RSI is rising.
I am rebalancing my TRX positions:
I closed my x2 futures position with 36% profit (Entry Price: 0.13628, Closed Price: 0.16635) . It can still break the fibo level after daily close but I will look for new safe entry points.
I will still hold my TRX coins on my spot vallet. If fibo 0.618 will be broken, I will add my futures profit on my spot position. I will hodl until my target ( fibo 0.5 0.17543) reached in the daily chart.
If the price retests 0.15400-0.15806 level, I might consider open an new futures position.
Those are my strategies, not a financial advice. Have a huge profitable days.
Note
we bought on dip, closed on top :). But still overall picture is bullish. It is retesting the fibo level. It happened faster than I expected
Note
I will not open an futures position most probably because bitcoin closed 4h below 62k. Waiting for new safe entry.
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.