Hi everyone,
Yesterday I mentioned that we are going to do a retracement to at least the 0.5 Fib level (Which we just did), and I also gave a free signal on DOTUSDT, which is up 7% Right now. (I really encourage you to follow me top not miss these opportunities).
At the present moment, we are seeing a clear rejection from the same Fib level, as we are also on a support that acted as a resistance previously. I think that we might be entering a range where we might bounce from this support then reject the resistance right above it.
Another move that might less likely to happen but happen too, is that there might be some liquidity that resides below the support that we are talking about, so the price might try to take that liquidity, but it usually does not happen in these scenarios.
In conclusion, I think that we are going to have a slow start this month, which usually happens in the month of August, but I think that are preparing for a good mid-term bullish move.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
Yesterday I mentioned that we are going to do a retracement to at least the 0.5 Fib level (Which we just did), and I also gave a free signal on DOTUSDT, which is up 7% Right now. (I really encourage you to follow me top not miss these opportunities).
At the present moment, we are seeing a clear rejection from the same Fib level, as we are also on a support that acted as a resistance previously. I think that we might be entering a range where we might bounce from this support then reject the resistance right above it.
In conclusion, I think that we are going to have a slow start this month, which usually happens in the month of August, but I think that are preparing for a good mid-term bullish move.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
