SLERF: Potential 800% Rally
We’ve experienced significant red weeks recently, but it seems the market just had a fakeout below the channel followed by a swift recovery. I believe we’ve bottomed out and that we could eventually hit the 4.236 Fib level. Notably, this aligns with the 1 Fib level if you project the high from March to the low in September. This double confluence could potentially result in approximately an 800% gain.
Additionally, RSI is at a record low of 25 on the 8H timeframe, a level last seen during the August 5th yen carry trade crash. Meanwhile, the wave trend oscillator is at levels we last observed in April 2024.
I’m setting my stop loss at 0.1380, with a 2% portfolio risk.
Additionally, RSI is at a record low of 25 on the 8H timeframe, a level last seen during the August 5th yen carry trade crash. Meanwhile, the wave trend oscillator is at levels we last observed in April 2024.
I’m setting my stop loss at 0.1380, with a 2% portfolio risk.
Trade fechado: stop atingido
Stop too tight
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.