I am longing at this level with a tight Stop loss. This trade is a risky one. Be aware of a fast wick down movement.
The main reasons for longing it:
* 4x bounces from the 0.618 fib level
* We are in the longterm in a bullish trend
* Bounces many times from the supportline (NOT support zone)
* The momentum is going up
Trading setup:
Entry: $10.55
SL: $9.88
TP: $13.53
Disclaimer: DYOR. No financial advice. Just for your impression.
The main reasons for longing it:
* 4x bounces from the 0.618 fib level
* We are in the longterm in a bullish trend
* Bounces many times from the supportline (NOT support zone)
* The momentum is going up
Trading setup:
Entry: $10.55
SL: $9.88
TP: $13.53
Disclaimer: DYOR. No financial advice. Just for your impression.
Trade closed: stop reached:
Reached our SL. Waiting for another entry