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On the chart, a confirmation bar with increasing volume signals strong bullish sentiment. The price has moved into the momentum zone by breaking above the .236 Fibonacci level. A trailing stop can be placed just below this level using the Fibonacci snap tool to protect gains while allowing room for continued upward movement.
On the chart, a confirmation bar with increasing volume signals strong bullish sentiment. The price has moved into the momentum zone by breaking above the .236 Fibonacci level. A trailing stop can be placed just below this level using the Fibonacci snap tool to protect gains while allowing room for continued upward movement.
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