If we see the retracement finding support at the 50% fib level this could be a good entry position for a long. The typical exit for this trade would be at the 150% fib extension but be aware that there is a VERY significant resistance zone at approx. $24160.
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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.