This is a perfect bounce from the 0.618 of the Trend based Fibo and it has a high chance hitting the 0.5 of fibo which is around 51.20.
I'm opening a Long trade(SPOT) from here and will wait for the target to be reached in the mid term!
Entry : 33.68
Target : 51.16
Stop loss : 25.86
Total no. of Analysis : 14
Successful trades : 8
NPNL : 3
Stop Hit : 1
Lost : 0
In Progress : 2
This is not a Financial Advice. Safe trading!
Cheers!