UBT briefly broke and is now retesting the roof of channel.
The volatility seems to create some good short term options. On the back of decent press and newfound partnerships we may see a turn around in the next few days. One to watch.
As always, not financial advice, just thoughts and TA. Bingaz
@Lamalight, You're most welcome.
My personal targets are indicated on charts- but purely a guide and not financial advice.
We hit almost 55% gains from suggested entry prior to retrace in the last few hrs so depending on your position a percentage sell off at that point would have made sense.
If you're holding-
There may be some consolidation at current level but I'm personally remaining bullish here over the next week or two.
If it were to lose current support I don't think we will fall past (0.38ish) before buyers push us north again.
Try to have a exit plan in place before every trade. - Markets are volatile - Take the win and move on to the next opportunity.
Missing 10% due to an early exit is still better than watching your profits burn.
The idea being that your new position will be making you more while holding less risk.
All the best.
Any update ?