the price is testing the 0.18$ resistance after the retracement on 0.1650$ area.
The market needs to flip the resistance into new support
How to approach it?
IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
Looking at LOG scale here.
Same as Metis really. Either hold here or break 1.886/2.618/0.886 confluence and head to much lower
Also since 2.618 was taken on w3 down, expecting w5 to hit 3.618/4.236
Given the insane 2021 run Woo had, a healthy correction would require more time, but who wants healthy anyways
But $0.0332 remains an ideal entry for the next run,...
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Everything on the chart.
Entry: market and lower
Target: 0.32 - 0.38 - 0.45
after first target reached move ur stop to breakeven
Stop: ~0.15 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
woo curently vs bnb 2017/18/19 idea
bnb had an explosive run after the 2018 bear market. woo chart aligns with the belief the fed could start reducing hikes in the oming month giving a good rally to the start of the next year
Hi folks , as you can see in the chart that there is raising wedge pattern has been formed
ENTRY : 0.1625-0.1640
SL : 1Hour candle close above 0.165
TPs : 0.1585 - Soo on ( shown in the chart )
Please keep eye on btc movement