This is a beautiful and clean chart and that's why I'll let the chart do most of the talking.
So to keep it short and simple: - didn't make new historic lows - we had an accumulation range - broke out of range on high vol - first tiny resistance became support
It doesn't get more clean than this. I'm targeting 187 sats (the 0.5 fib). However you could play it more conservatively and aim for 167 sats.
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.