-Yurlo
First of all, please tap that like button or leave a comment 👍
Second of all: I know most of this space is bullish right now thinking they've caught the bottom (one of the main reasons i don't feel its actually in is because of this)
However, we've rejected 0.5 fibonacci level ($11497) after topping out just under $12500, what does this mean? WELL, it terms of structural support and the fundamentals of fibonacci suggest we should revisit fibinacco level 0.382 (9515) & from there i'd reevaluate the market to see if it's just a dip to fill the gap or if a similar situation like we've seen in March of 2020 will occur.
Weekly candle closes in just over an hour ~ remember
Always stick to your plan unless invalidation points on the specific trade have been tapped ~ then maybe consider but use low leverage so you can react in the most logical way possible.
Hoping to visit under $10,000 in the next 24 hour - 48 hours.
~ patience is key ~
First of all, please tap that like button or leave a comment 👍
Second of all: I know most of this space is bullish right now thinking they've caught the bottom (one of the main reasons i don't feel its actually in is because of this)
However, we've rejected 0.5 fibonacci level ($11497) after topping out just under $12500, what does this mean? WELL, it terms of structural support and the fundamentals of fibonacci suggest we should revisit fibinacco level 0.382 (9515) & from there i'd reevaluate the market to see if it's just a dip to fill the gap or if a similar situation like we've seen in March of 2020 will occur.
Weekly candle closes in just over an hour ~ remember
Always stick to your plan unless invalidation points on the specific trade have been tapped ~ then maybe consider but use low leverage so you can react in the most logical way possible.
Hoping to visit under $10,000 in the next 24 hour - 48 hours.
~ patience is key ~
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