I have been looking at this for a week or so and it is getting close to short area. You can see the trendline I have at the top there. Have an alert set on that, once it crosses that price it is in extended area, will look for it to turn there and pull back. Long term this will head to 4.
Can be played with BTC and massive margin @ bit.ly/2Tyx3w4
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Can be played with BTC and massive margin @ bit.ly/2Tyx3w4
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Trade closed: stop reached:
Didnt hit my entry.