If you're experiencing FOMO, you might consider buying at the current price of $85, which is near the 200-day moving average (MA) on the daily timeframe.
However, I remain biased to the downside, as there is still some room for further decline.
Key Support at $80:
1) 50-day MA support on the weekly chart
2) 61.8% Fibonacci retracement level
3) Psychological round number support
I'm watching $80 as the next support level before making my first DCA entry.
However, I remain biased to the downside, as there is still some room for further decline.
Key Support at $80:
1) 50-day MA support on the weekly chart
2) 61.8% Fibonacci retracement level
3) Psychological round number support
I'm watching $80 as the next support level before making my first DCA entry.
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