downside should be limited,
shouldnt get anything major over the low volume weekends, alts could get nice rallies. 0.236 - 0.382 are GREAT areas to bank some profits (ideally wanna derisk or close by premarket on Monday), or let it run. a 5 wave move down was completed, clearly visible. In the bearish scenario, can retrace to 0.786 as a wave B, in the bullish case well thats self-explanatory so take profits as you like, just before resistance levels are most common
Risk:Reward LFG!!
shouldnt get anything major over the low volume weekends, alts could get nice rallies. 0.236 - 0.382 are GREAT areas to bank some profits (ideally wanna derisk or close by premarket on Monday), or let it run. a 5 wave move down was completed, clearly visible. In the bearish scenario, can retrace to 0.786 as a wave B, in the bullish case well thats self-explanatory so take profits as you like, just before resistance levels are most common
Risk:Reward LFG!!
As mentioned, downside risk was low but atm am favoring another leg lower.
TP if you'd like, can use it to buy more if we drop lower
could get another push to retest $38-$40 but not willing to keep position open heading into premarket on Monday.
Profits secured is better than losing unrealized profits.
A retest of the low is inevitable so can buy in slightly higher than current low, and if we resume lower, a bigger discount and another trading opportunity.