Long
MUE / BTC looking for entry
MUE is on a nice trend and we could look for an entry on the retracement from current high.
If we are in luck, the price will retrace back to the support line and we can enter a position for a very good potential profit. If such retracement happens, the risk of entry is very small, with a strong support by both fib levels and trend support line.
If we are in luck, the price will retrace back to the support line and we can enter a position for a very good potential profit. If such retracement happens, the risk of entry is very small, with a strong support by both fib levels and trend support line.
Note
Price dropped sub 3800, which was a decent entry. I am still waiting for it to drop at about 3500 to get into this trade.Trade active
Bought the retrace around 3500. Now let's wait for BTC to resolve its retrace, which should lead to alts recovery.Note
Previous support became resistance now. 2051 support seems to be holding nicely though. Let's wait for the next alt party to get back into this trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.