Seems like cryptos we are in a bullish correction. Price has now retraced to the 0.618 fib level. Good time to get in with a timeboxed long position.
If price stays below 54 until Thrusday, that would mean that the move is too weak. I would then consider closing the position sooner with small profit.
Target: ~57.50 (AB=CD)
Stop: 46.90
R/R: ~4.25
If price stays below 54 until Thrusday, that would mean that the move is too weak. I would then consider closing the position sooner with small profit.
Target: ~57.50 (AB=CD)
Stop: 46.90
R/R: ~4.25
Trade closed: stop reached