There is still some downside risk here but not much more. If you've held on this long, then likely it is worth hanging in there for a continuation up in the channel. FWIW I considered adding some position here today. We'll see what would have happened if I did.
All the best in your investments. Take care.
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Unfortunately the rejection (of the entire market) brought us down lower today. I'll be adding back positions I sold several weeks ago at this level.
That selling pressure sure is strong but would be cool to see a double bottom to higher prices from the last low
Pillsbury1111
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in conclusion, lines dont matter.
chillcrypto
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@Pillsbury1111, Point taken. However, for setting target entry, exit, accumulation points they do (for me at least). Testing resistance or support, then resumption off those lines is a tool many traders use. But yes, if you are a 'fib' or 'log' trader then you'd use those methods.