The price has been rising to the moon non-stop. As the textbook states, after a strong impulsive move, a correctional move is a must. Moreover, the price is currently testing a strong level of resistance. Therefore, we are looking forward to opening Sell positions and aiming for the previously broken zone of resistance, which perfectly aligns with the golden Fibonacci zone.
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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.