Price already jumped a staggering 82% on 28 Sept and has been gracefully retracing back to support ever since and is now resting just above the Fib 50% level, which is also a previous level AND is just above the daily 20 . That's some pretty good support. Price is narrowing in on the triangle and we're likely to see a breakout of the triangle fairly soon.
Reasons for taking this Trade
- Retest of level
- Daily 20 support
- Fib 50% level
- Stoch close to switching upwards
- Low above should make target easy to reach with good risk to reward
Entry : 780 - 825 sats
Good luck and trade safe!