Support and Fibonacci Confluence:
The price is consolidating near the 0.382 Fib level (0.10471), which often acts as a significant retracement support in a bullish continuation setup. This zone can provide a strong launchpad for further upside.
Upside Potential:
First target (TP1): The Fib 1.0 level (0.17383) aligns with a key resistance zone from the past. This is a logical area to secure partial profits as the price may face sellers here.
Second target (TP2): The Fib 1.618 extension (0.24295) is the next major resistance level, offering a strong reward-to-risk ratio for holding a portion of the position.
Stop Loss Placement:
The stop-loss is set at 0.06199 (Fib 0 level), below the swing low, ensuring the setup remains valid unless significant bearish momentum invalidates the structure.
The price is consolidating near the 0.382 Fib level (0.10471), which often acts as a significant retracement support in a bullish continuation setup. This zone can provide a strong launchpad for further upside.
Upside Potential:
First target (TP1): The Fib 1.0 level (0.17383) aligns with a key resistance zone from the past. This is a logical area to secure partial profits as the price may face sellers here.
Second target (TP2): The Fib 1.618 extension (0.24295) is the next major resistance level, offering a strong reward-to-risk ratio for holding a portion of the position.
Stop Loss Placement:
The stop-loss is set at 0.06199 (Fib 0 level), below the swing low, ensuring the setup remains valid unless significant bearish momentum invalidates the structure.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.