In my previous analysis, I said about ABC correction. At first I was able to identify possible Correction pattern, and later I updated it. But my first one was correct and second one was wrong. Bad luck😐
Now as you can see the marked support levels are
0.0060 - 0.0064
0.0044-0.0048
0.0034- 0.0038
And next Resistance Levels are
0.0084- 0.0087
0.0124-0.0130
0.016
These suppot and resistance are for long term prospective. The daily RSI and MACD is looking bearish so in long term prospective, we can see it at 0.0044 even at 0.0034.
But if you look at the short term view (4H) you can see it is on a good support level. Personally I am holding my previous buys and I will be buying again for the target of 0.0087 which is almost 30% above the current support. In this trade, I am using 0.0054 as my stop loss. The risk reward ratio is very good here I can get 30% profit against a 10% loss. But Remember this trade has a 60% chance of being successful. You can wait for a clear confirmation to enter this trade.
And yes Don't forget to do your own analysis.
Now as you can see the marked support levels are
0.0060 - 0.0064
0.0044-0.0048
0.0034- 0.0038
And next Resistance Levels are
0.0084- 0.0087
0.0124-0.0130
0.016
These suppot and resistance are for long term prospective. The daily RSI and MACD is looking bearish so in long term prospective, we can see it at 0.0044 even at 0.0034.
But if you look at the short term view (4H) you can see it is on a good support level. Personally I am holding my previous buys and I will be buying again for the target of 0.0087 which is almost 30% above the current support. In this trade, I am using 0.0054 as my stop loss. The risk reward ratio is very good here I can get 30% profit against a 10% loss. But Remember this trade has a 60% chance of being successful. You can wait for a clear confirmation to enter this trade.
And yes Don't forget to do your own analysis.
Trade closed: target reached:
40.17% Profit🫢🫢