Here we see the importance of buying the pullback at the .5 fibonacci level.
We see the pullback 'overshoot the target' eg the bullrun is over.
Then we get a *reaction bounce*, back up to the moving averages and in this case the 0.382 fib.
This is where you get out, at a minimal loss!
But, ofcourse, you have to be aware and prepared.
--- So, triage and aftercare. ---
Maybe get back in around the 200 Moving average for another move up? At this point, a move back to our earlier buy zone would be a profit target!
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Another thing to learn: When there is so much downward pressure on a coin just coming out of a bearish trend, be extra wary about making sure it closes above previous highs to ocnfirm a reversal.