Price seems to stabilize and might move up soon, especially given the breakout of as long time trend line.
Target : 0.618 fib retracement level
Stop: below previous low
Target : 0.618 fib retracement level
Stop: below previous low
Trade active
Priice just reached the 0.764 fib level. If you're not in the trade, now is potentially a good time to look for a long term long position. I'll be monitoring the volume + the candle shape on the 15 min chart to confirm a potential bottom before adding to my long.Trade active
Seems like support is building at the current level. I just added to my long position.
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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.