Thoughts
- 200EMA and 50EMA waiting for the "Golden Cross", but still not close enough
- Hovering on the 0.236 Fib, for some time now
- Dropped below Support trend line, it has been rejected by the now Resistance trend line
- Still within a strong support zone, accumulation zone almost.
- Personally, I dont like it when hovering around the support zone for too long.
- I think it's worth going long with a tight stop loss
- At time of post GRS is trading 0.000061, I think the stop loss would be just below the mid term low (0.00005)
- First target would be breaking through the trend line and heading towards 0.382 Fib (0.000085)
- Risk 18%, Reward 39%, R/R 2.1
- 200EMA and 50EMA waiting for the "Golden Cross", but still not close enough
- Hovering on the 0.236 Fib, for some time now
- Dropped below Support trend line, it has been rejected by the now Resistance trend line
- Still within a strong support zone, accumulation zone almost.
- Personally, I dont like it when hovering around the support zone for too long.
- I think it's worth going long with a tight stop loss
- At time of post GRS is trading 0.000061, I think the stop loss would be just below the mid term low (0.00005)
- First target would be breaking through the trend line and heading towards 0.382 Fib (0.000085)
- Risk 18%, Reward 39%, R/R 2.1