The entry is based on 23% and 62% on two different fibo retracement level along with recent support. The stoploss is based on major support but as the volatility of cryptocurrencies are often too high, we set a bigger gap than usual. Take profit is based on fibo extension.
Entry is based on major support and 62% fibo level. I suspect many people will be closing their short positions at that point, hence making it a good entry point for this trade. SL is based on next level of support while TP is based on next level of resistance and fibo extension level.
Seeing multiple testing of the support at the 131.636 level, therefore I'm going for short. SL is slightly above the 50% fibo retracement and resistance level while TP is major support and fibo extension level.
Entry is based on 38% fibo retracement level and recent resistance, I suspect many people will be shorting at that point. Stop loss is at the 61.8% fibo level combined with resistance and take profit is based on the fibo extension and support level combined.
Shorting opportunity entry based on resistance and 38% fib retracement level. SL slightly above resistance for breathing room, TP determined by previous support.
Shorting opportunity entry based on resistance and 38% fib retracement level. SL slightly above resistance for breathing room, TP determined by fib extension and previous support.
My entry is based on a resistance level, stop loss is slightly higher than the 61.8 level of the Fibonacci retracement combined with a resistance at that level. My take profit is based on Fibonacci extension and the major support level combined.
