Note
SHORT TERM: Target reached on the lower time frames, however, let us see how this develops on the weekly chart and what that will mean for the closing candle.Note
We are approaching the resistance at 460, this will either be a strong resistance or not; if we breakthrough there- moon is the target.Note
Update #3:You have to be very diligent in a bull market, no matter what euphoric high comes around; remember the technicals will always show you that there is a bearish divergence somewhere; therefore to protect your capital; always avoid FOMO/Emotional entries. Especially in a manipulated market like crypto.
As we saw yesterday, we failed to break the 0.5 Fibonacci resistance and took a hard slam downwards. High Time Frame will always show you the bigger picture.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.