We are sitting right below the 0.618 Fib. Retracement where we got rejected multiple times on the 4h. If we can break above and confirm I will go long to my targets of 52k and 53k. Otherwise I can't see us going g on another rally from this area that we've been in since early December.
Bottom of the fib. Here is very possible and even lower.
See my previous posts that are tagged to get a clearer picture of what I mean.
I'll Update this Post if anything happens.
Please follow, comment or like if you appreciate my posts, It motivates me to post more!
Happy holidays & Happy trading ✌️🎄🙂
Bottom of the fib. Here is very possible and even lower.
See my previous posts that are tagged to get a clearer picture of what I mean.
I'll Update this Post if anything happens.
Please follow, comment or like if you appreciate my posts, It motivates me to post more!
Happy holidays & Happy trading ✌️🎄🙂
Comment:
Now trying to build support on the 0.5 fib. Around 47k after we got rejected again at the 0.618 Fibonacci level.
