So I know a lot of you have trouble knowing when you should reenter the trade or even enter the trade so I made this up to give u a idea of where u need to be entering into the trade if you sold at the 78.6% lvl and then are now waiting for it to settle. I would say it is going to just barely touch the 61.8% support and bounce off of it and start heading back up to retest the old ( ATH ) and set new ( ATH ) and so on. So if you are waiting to reenter into a long position then this I think will be the best area to do that.
This is not financial advice this is only my opinion using tools that I know in order to produce a good analysis.
Thank you all of you for supporting my technical analysis and I hope to continue to see you all in the future! We are shaping a future for our children and our children's children by supporting blockchain technologies ! If you have not yet started to DYOR on blockchain in general then I highly recommend you do so. Blockchain is indefinitely going to replace fiat / currencies as we know it today and there is a strong chance it may even help other countries that have broken financial system begin to thrive and flourish and catch-up to us larger countries.
I hope all of you have a bless day and remember always,
NEVER TRADE LEVERAGE!!
-PacMan1337
This is not financial advice this is only my opinion using tools that I know in order to produce a good analysis.
Thank you all of you for supporting my technical analysis and I hope to continue to see you all in the future! We are shaping a future for our children and our children's children by supporting blockchain technologies ! If you have not yet started to DYOR on blockchain in general then I highly recommend you do so. Blockchain is indefinitely going to replace fiat / currencies as we know it today and there is a strong chance it may even help other countries that have broken financial system begin to thrive and flourish and catch-up to us larger countries.
I hope all of you have a bless day and remember always,
NEVER TRADE LEVERAGE!!
-PacMan1337
Comment:
I just want to add that you should also set a stop loss above the swing high incase you're short position is wrong so U can buy back in if it decides to breakout before the target area.