LOG SCALE
1) Bouncing nicely off 0.618 which could act as a start ramp for the next upmove.
2) Making a new low < $2.35 would trigger next leg down towards perfect buy zone $1.08 - $1.60 (0.786 / 1.886+0.886 confluence)
Whats next?
Since there hasnt been capitulative volume yet, suppose another leg down would be in favor unless breaking the channel to the upside.
Hold my beer pls
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No financial advice, do your own research, don't be stupid
1) Bouncing nicely off 0.618 which could act as a start ramp for the next upmove.
2) Making a new low < $2.35 would trigger next leg down towards perfect buy zone $1.08 - $1.60 (0.786 / 1.886+0.886 confluence)
Whats next?
Since there hasnt been capitulative volume yet, suppose another leg down would be in favor unless breaking the channel to the upside.
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
