Hello, Traders!
After the upward movement, BAND entered the correction phase.
One of the forms of correction is consolidation.
At the moment the asset is consolidating in the range of $7.38-9.46 before the last upward surge.
Entry in the position can be considered in the range of $8.80-9.40
We would advise placing the SL under the level of $8.16 in case of high volatility
The targets are the Fibonacci retracement levels:
$10.04
$11.68
$14.02
The last target of buyers is the level of $15.49
Good luck and watch out for the market!
P.S. This is not a piece of financial advice but only trade I would be following myself
After the upward movement, BAND entered the correction phase.
One of the forms of correction is consolidation.
At the moment the asset is consolidating in the range of $7.38-9.46 before the last upward surge.
Entry in the position can be considered in the range of $8.80-9.40
We would advise placing the SL under the level of $8.16 in case of high volatility
The targets are the Fibonacci retracement levels:
$10.04
$11.68
$14.02
The last target of buyers is the level of $15.49
Good luck and watch out for the market!
P.S. This is not a piece of financial advice but only trade I would be following myself