IBIT
March 26, 2024 60 Minutes
As expected 35 levels were held.
For the rise from 28.91 to 41.99 35 levels represented about 50% retracement value.
Now formed HL at 35.71 which becomes an important number to hold for the current uptrend.
Consider the fall from 41.99 to 35.41.
IBIT
retraced 61.8% and managed to hold the gap up. Now if we consider the rise from 35.71 to 40.62 holding 38.5 to 39 levels is important as it is a converging of averages 9,21,50 and 100.
Adding around t 38.5 -39 levels on a retracement today should be a good trade as risk is only 35 levels being 200 averages for a target 43 +