I've put the entry signal at 13,46 cents AFTER a clean break and a hook to form first. Only when that is formed correctly place your bets.
Stoploss is at 15,73 cents.
Every time a target is reached we move our stop to the previous target.
The targets are:
T1 Target 1 is the 11,37 cents (USDT) ZONE and is based on the .88 retrace with confirmation of extended fibs.
T2 Target 2 is 8,17 cents (USDT) and is based on a major with confirmation of extended fibs.
T3 Target 3 is around 5 cents (USDT) and is based on a major with confirmation of extended fibs. This zone is hit by many of the alts and is known as a reset zone.
Please let me know what you guys think.
We wait for the pullback (ABC) and go for target 2.
So move your stop to 17.7 cents OR take your profit now and open a new position where it turns. That would at the .618 (14.2 cent) or .786 (15.6) of the retracement-fibs of the recent down-move.
Now the chart has to prove us a reversal pattern. Only when this happens we know it is the bottom. If not, it is going to for the final 3rd (reset) target.