OCTAOcta is currently following a strong bullish trend. The opportunity it represents cannot be quantified theoretically, but as investors, we could set goals to take profits or simply follow the trend until it ends.
Currently, we have a double bottom at the Fibo 0.78 level on the weekly chart, which still needs to be confirmed. This zone represents a potential support that could push the price of the asset to new highs.
However, there is a risk of a wick reaching the previous low of this bullish trend. Therefore, we will observe the weekly close this week and examine the detailed daily reactions to make a decision on this asset.
Remember that, regardless of your decision to enter this bullish movement, it’s essential to set a stop-loss below the previous low to effectively protect your capital.
