None other than the famous fib retracement allowed me to buy Z1P and make a quick 8% on a single trade in one day. As you can see on the chart after being rejected by 50MA(find this in my previous post), I kept an eye on what could be a potential bounce point so that I can buy. First point was 0.382 which didnt prove to be strong enough to stop the bears. I waited for next fib which was 0.5. Although, price went below this point, bulls said nono enough is enough and pushed back which allowed me to jump on their pushback and bought some Z1P that I ended selling cuz I dont like the current price action. Velocity is negative, daily closed below 0.236 fib, price below 50MA, below LSMA,...
Stay tuned I will share with you any new update if the market shows buying opportunities.
PS: not a financial advice plz DYOR
Stay tuned I will share with you any new update if the market shows buying opportunities.
PS: not a financial advice plz DYOR
