The market structure on the H4 chart was about to flip bullish. The FVG at $0.46 could offer an entry for long positions after a bullish MSB.
Weak BTC meant $0.48 and $0.49 resistances could pose a substantial threat, especially over the weekend when extra volatility could arise. The Fibonacci levels are based on the move from $0.34 to $0.585 in late March.
Entry: $0.458
Target: $0.494
Stop-loss: $0.443 (below recent swing low)
Weak BTC meant $0.48 and $0.49 resistances could pose a substantial threat, especially over the weekend when extra volatility could arise. The Fibonacci levels are based on the move from $0.34 to $0.585 in late March.
Entry: $0.458
Target: $0.494
Stop-loss: $0.443 (below recent swing low)
didn't retest FVG but rallied past $0.5