ITS A SIMILAR SETUP TO LITECOIN.
MARKET HAD PULLED BACK TO A 38.2 RETRACEMENT, AND EXTENDED TO A 161.8 EXTENTION.
THE MARKET FOUND SUPPORT BEFORE RETRACING TOTHE 38.2. ONCE THE MARKET BROKE THE SUPPORT IT NEVER MADE SUPPORT RESISTANCE, THE MARKET JUST DROPPED.
NOW THAT THE MARKET IS AT 161.8 I WILL WAIT FOR EXHAUSTION WICKS THEN GO LONG BACK TO THE 0% (RESISTANCE)
PS: WHITE ARROWS ARE 4H MARKET MOVEMENT
BLAKC ARROWS ARE D MARKET MOVEMENT
MARKET HAD PULLED BACK TO A 38.2 RETRACEMENT, AND EXTENDED TO A 161.8 EXTENTION.
THE MARKET FOUND SUPPORT BEFORE RETRACING TOTHE 38.2. ONCE THE MARKET BROKE THE SUPPORT IT NEVER MADE SUPPORT RESISTANCE, THE MARKET JUST DROPPED.
NOW THAT THE MARKET IS AT 161.8 I WILL WAIT FOR EXHAUSTION WICKS THEN GO LONG BACK TO THE 0% (RESISTANCE)
PS: WHITE ARROWS ARE 4H MARKET MOVEMENT
BLAKC ARROWS ARE D MARKET MOVEMENT