As you can see from the chart, the price is on 2 minor support, 0.618 Fibonacci, and a trendline zone.
I'm expecting the price to get supported on this level.
On the other hand, if the price pass through the support, we have a perfect stop and will re-enter for a long position a bit lower on the second trendline.
There is also a bullish divergence in RSI.
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Goodluck.
I'm expecting the price to get supported on this level.
On the other hand, if the price pass through the support, we have a perfect stop and will re-enter for a long position a bit lower on the second trendline.
There is also a bullish divergence in RSI.
----------------------------------------------------------------
What is your opinion? Comment it below.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck.
