Big mover today. Taking a fib retracement from the low to the high of the day the .5 fib is 8.31
This could
Be an interesting level to enter. And all the fibs are in place as well if you have a specific level you enjoy buying from .618 at6.78$ if we have further sell off. My green box is an area of previous buying and selling. We just reached the middle of that range. Which could also show some support in my veiw. I may try to buy some of this area as long as we don’t lose this box which the low of it lands at 8$ even and the top of the box at 9.12
12.14 is a key area of reistance to watch for some exiting for my idea if we do get a run again
Entry 8.60-8.30
Stoploss 7.87
Exit areas 12.14 and 14.40
This could
Be an interesting level to enter. And all the fibs are in place as well if you have a specific level you enjoy buying from .618 at6.78$ if we have further sell off. My green box is an area of previous buying and selling. We just reached the middle of that range. Which could also show some support in my veiw. I may try to buy some of this area as long as we don’t lose this box which the low of it lands at 8$ even and the top of the box at 9.12
12.14 is a key area of reistance to watch for some exiting for my idea if we do get a run again
Entry 8.60-8.30
Stoploss 7.87
Exit areas 12.14 and 14.40