MUSDT recently experienced a decisive break accompanied by major volume strength, followed by a well-defined 50% retracement. The market showed an excellent reaction from this level, confirming healthy demand and participation.
For optimal entry, waiting for a pullback to the 50% retracement of the engulfing candle could offer an ideal risk-reward setup. The primary target for this trade is the 161.8% Fibonacci extension, aligning with common extension targets.
Watch for sustained volume and confirmation signals—this setup has the potential for a powerful continuation if price respects the calculated retracement zone.
Trade smart and manage risk. Good luck! 🚀
For optimal entry, waiting for a pullback to the 50% retracement of the engulfing candle could offer an ideal risk-reward setup. The primary target for this trade is the 161.8% Fibonacci extension, aligning with common extension targets.
Watch for sustained volume and confirmation signals—this setup has the potential for a powerful continuation if price respects the calculated retracement zone.
Trade smart and manage risk. Good luck! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.