Been watching this one after that massive pump in late Octoberđ
We finally got the pullback I was waiting for and itâs cooling off right on the support zone around 0.052 - 0.054.
Volume is drying up on the retrace, which usually means the sellers are exhausted. If we can hold this level, I'm expecting a relief bounce back up to test the 0.060+ region.
Risky play but the R:R looks decent from here.
Trade Setup:
đą Entry: 0.053 - 0.0545
đŻ Targets: 0.058 | 0.061 | 0.065
đ Stop Loss: 0.049 (Daily close below this and I'm out)
NFA, manage your risk. Who else is holding a bag from the top? đđ$S
We finally got the pullback I was waiting for and itâs cooling off right on the support zone around 0.052 - 0.054.
Volume is drying up on the retrace, which usually means the sellers are exhausted. If we can hold this level, I'm expecting a relief bounce back up to test the 0.060+ region.
Risky play but the R:R looks decent from here.
Trade Setup:
đą Entry: 0.053 - 0.0545
đŻ Targets: 0.058 | 0.061 | 0.065
đ Stop Loss: 0.049 (Daily close below this and I'm out)
NFA, manage your risk. Who else is holding a bag from the top? đđ$S