Another nice swing up on REPBTC on ok volume gives us another trade opportunity;
I like to scale into a long position from around the 0.50 fibonacci level to around the 0.618 area.
(4300 sats - 3900 sats)
Initial targets are 4720 sats for the 0.50 fib orders and 4450 for the 0.618 orders for a quick 10% profit.
If you want to ride the position I suggest to set the stop to break even at target and add to the position when we breakup again.
Stop just below the 0.786 fib.
I like to scale into a long position from around the 0.50 fibonacci level to around the 0.618 area.
(4300 sats - 3900 sats)
Initial targets are 4720 sats for the 0.50 fib orders and 4450 for the 0.618 orders for a quick 10% profit.
If you want to ride the position I suggest to set the stop to break even at target and add to the position when we breakup again.
Stop just below the 0.786 fib.