Possible LONG entry levels for TFUELUSDT
First entry position at buy zone1 around 1.618fib retracement ($0.3)
TFUELUSDT has bounced a few times from that area but if support won't hold a possible drop down to buy zone 2,
which is the length of the flagpole(depending where it will break out(downside) from the wedge. That would also be a good place if you want to go short.
Pattern is invalid when price breaks out to the upside from the rising wedge and retest the channel as support.
Just an idea no financial advice
First entry position at buy zone1 around 1.618fib retracement ($0.3)
TFUELUSDT has bounced a few times from that area but if support won't hold a possible drop down to buy zone 2,
which is the length of the flagpole(depending where it will break out(downside) from the wedge. That would also be a good place if you want to go short.
Pattern is invalid when price breaks out to the upside from the rising wedge and retest the channel as support.
Just an idea no financial advice
Note
Tfuel fell outside the ascending channel is getting a hard time to get back in. 3 rejections in the past 12 hrs.
The 1hr chart is now showing a bearish pennant, if price falls outside it will see 0.376 again to retest this support.
Note
Note
Tfuel has made a new support lvl at $0.34 and is now back above the $0.37 resistance. I believe we will see a rally up to the $0.45 lvl soon. The daily RSI has had a nice cooldown to 0.48, where we have seen TFUEL rallying from multiple times in the past.
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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.