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Fibonacci Level as Support or Resistance?

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Will this short term trend to 8379 resistance hold?

We are on a nice little run up on the short term to our next resistance level from the previous run a few days ago. The high on the previous attempt at a bull run was at $8379 so that's the number to beat on BTCUSD here on the Coinbase chart.

I'm looking to see this play out in the next 7 candles so considering a stop loss for positions purchased in the 7900 level because if it goes back to the south of 7900 I'm expecting it to go quite a way down towards at least 7600 if not 7500.

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