OMG what a lovely 24 hours of trading, as predicted we had a perfect break from the ADCDE correction on extreme volume, resulting in +13% move. Currently the price has stalled and the .236 FIB is acting as strong support.
The crypto community is extremely bullish at the moment, with $10000 targets on grapevine, if you are long it would be prudent to set stop losses at the $8200-$8300 which coincides with support and the .618 fib area, this really is a vital level to hold so as to ensure continuation in a bullish fashion. This is maybe not a area to adding to longs, but possibly if the lower support is testes and holds.
Happy and safe trading.
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