Situation
After the last analysis, we pumped from 0.618fib.
Right now we have already pumped by 20%+ and if you don't have a position, you are probably wondering what to do.
Trade
If you longed at around $360-$370, there is no worry. You can probably take some profits and hold until $550+
If you have an early short, you may be in serious trouble. We are only bearish, if the green trendline around $360 will break.
If you want to enter a long, wait for about $400, that's the best entry from a RR perspective.
After the last analysis, we pumped from 0.618fib.
Right now we have already pumped by 20%+ and if you don't have a position, you are probably wondering what to do.
Trade
If you longed at around $360-$370, there is no worry. You can probably take some profits and hold until $550+
If you have an early short, you may be in serious trouble. We are only bearish, if the green trendline around $360 will break.
If you want to enter a long, wait for about $400, that's the best entry from a RR perspective.
