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ANT bounce
Long
ANT bounce
By WhoIsWu
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Updated
Jan 31, 2022
1
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Jan 31, 2022
A bit late to the party, I believe BINANCE:ANTUSDT is primed for a bounce up.
ANT has lost almost 11.5% in just 6 hours, a drop sure amplified by BTC activity.
First Target = 6.510 ( 0.236 Fibonacci Retracement level)
Trailing-stop all the way to the target
When in trade I keep to a strict Risk Management plan and keep an eye on BTC. And proactively use trailing-stop, to lock in profits.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
Jan 31, 2022
Comment
First Target reached.
Technically there's still some Go left in ANT, so I'll set a second Target a little further up, proactively adjusting Trailing-stop
Second Long Target = 7.085
7.085 is an approximate top of the Resistance Channel observed on the Daily timeframe chart.
Jan 31, 2022
Comment
Second Long Target reached. Moving to greener pastures
ANT
antusdt
ANTUSDTPERP
Fibonacci
Support and Resistance
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