We can consider the area up to the Fibonacci channel 0.786 region as an accumulation area.
Prices in this region will move tightly.
We can accept the 1.tp zone at the $1,600 levels. I believe that it is a good level of buy and sell for those who are thinking of day trading.
After this region, the recovery of prices may trigger a pump.
The area I refer to as SL means the angular loss of the previous accumulation area. So if the region I label as SL breaks down, prices may go the opposite of what I think.
But I don't think that's going to happen. I believe that prices will continue to go upwards.
After $1,890, the chart can be followed as sl. I think this approach will bring more profit.
Note: this is not investment advice.
Prices in this region will move tightly.
We can accept the 1.tp zone at the $1,600 levels. I believe that it is a good level of buy and sell for those who are thinking of day trading.
After this region, the recovery of prices may trigger a pump.
The area I refer to as SL means the angular loss of the previous accumulation area. So if the region I label as SL breaks down, prices may go the opposite of what I think.
But I don't think that's going to happen. I believe that prices will continue to go upwards.
After $1,890, the chart can be followed as sl. I think this approach will bring more profit.
Note: this is not investment advice.