First TAKE PROFIT (TP1 $3) has been achieved. FIBONACCI 50 is now acting as support zone.
Rawlings_NG
⋅
As analyzed and mentioned that the rally up was bound to retrace. This asset has retraced below the first two FIBONACCI psychological zones #FIB23.6 & #FIB38.2.
Investors wants this asset to pump to the north and traders wants to short this asset with or without leverage to the south.