Strong support at the 4,000sat level. Reversal candles are posting. Confluence with the 76-78% Fib zone off a prior high. All the signs are here that this is going to bounce, at least short term.
Comment:
I've moved in to trade management on this. Moving stop losses above the entry that was made at 4050sat to ensure no losses while I'm away.
Comment:
With the Korean news dump I added a little more to the position. Investors are being stubborn at this level. Keeping a close eye.
Comment:
Keep your eyes on the 4,500sat level as price approaches it. This may prove to be a resistance zone that intersects with the down ward trend which would be strong confluence that could frustrate the move upward. Still holding on this one.
Trade closed manually:
This trade made 50% of the target. Still a nice setup.
