4h time frame
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MUBI retested 0.085 two times and created a double bottom, which neck line is around 0.127.
We have opened positions at bottom(0.085), and the new support zone(0.127) is an opportunity to add positions, that target is 0.22. Moreover, if we use Fibonacci Extension on MUBI, the first obvious resistance is 0.345, so we can set up a trading plan.
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TP: 0.345
SL: 0.056
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MUBI retested 0.085 two times and created a double bottom, which neck line is around 0.127.
We have opened positions at bottom(0.085), and the new support zone(0.127) is an opportunity to add positions, that target is 0.22. Moreover, if we use Fibonacci Extension on MUBI, the first obvious resistance is 0.345, so we can set up a trading plan.
-
TP: 0.345
SL: 0.056
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🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
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→Join Teaching Group for free!(PM me)