The price created a double bottom on the daily support on 8.26$ and got a lot of liquidity
Mow the price is testing the 1.618 Fibonacci level, so we could see a retracement until the previous ATH as new support
How to approach? We are waiting for the retracement until the previous ATH as new support, and We analyze again for a new long position if the price is going to satisfy our rules
The price starts with the retracement. The valid support is 42$ so far
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the price lost the support and it's melting 32% so far
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The price needs to hold the 4h support or We could see a retest of the monthly support on 21$
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38% so far. The Next valid support is 21$.
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We made more than 43% since my call. If the price is going to lose the 28$ support and the market is going to satisfy our rules, we could see a bearish impulse until the 21$
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