Nice little trade could be arriving -
Last bounce THETA hit fib 0.618 and if the trend is regressing (it is) then the next bounce should not exceed the previous - so based on that it is unlikely price will see 0.786 if this is a simple dead cat bounce.
We can see that price has twice broken through the support line, so good chance price will breakdown from this topping pattern soon enough.
Short @ fib 0.618 $6.93 area
A more aggressive trader could choose 0.5 fib $6.07 area for entry.
TP $4 / long term hold.
Not advice.
Last bounce THETA hit fib 0.618 and if the trend is regressing (it is) then the next bounce should not exceed the previous - so based on that it is unlikely price will see 0.786 if this is a simple dead cat bounce.
We can see that price has twice broken through the support line, so good chance price will breakdown from this topping pattern soon enough.
Short @ fib 0.618 $6.93 area
A more aggressive trader could choose 0.5 fib $6.07 area for entry.
TP $4 / long term hold.
Not advice.
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THETA looks like a retracement blow off top here. Could be done. We'll see how it closes the day.
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This looks to be a PERFECT call. We'll see how it goes.
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Did you ever see a trade quite like this?
Next video Saturday 22 June😼.
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
