TIA perfectly hit the -0.618 fib extension at $0.75, completing the 5th wave before getting hit with a sharp sell-off. Since then, we've been in a clear downtrend.
Now I'm watching the $0.5-0.47 zone for the next long entry. We've got some solid confluence stacking up here, with AVWAP, multiple EMAs/SMAs and fib levels all lining up nicely. On top of that, there's liquidity sitting in this zone too.
Plenty of reasons to keep this area on the radar, Now lets see how price reacts when we get there.
_________________________________
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Now I'm watching the $0.5-0.47 zone for the next long entry. We've got some solid confluence stacking up here, with AVWAP, multiple EMAs/SMAs and fib levels all lining up nicely. On top of that, there's liquidity sitting in this zone too.
Plenty of reasons to keep this area on the radar, Now lets see how price reacts when we get there.
_________________________________
💬 If you found this helpful, drop a like and comment!
Note
Liquidity sweep at $0.52 followed by an immediate bounce 👀🎯Note
1.136 Fib extension + liquidity sweep:
🏆 Mastering Fibonacci for precision trading
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🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Related publications
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.