Hi traders..
Currently, the pressure to sell is high and is evident in the volume of transactions.
At around 32K, there are very strong support points (Fibonacci 127.2 (34205) _1.618 (34510) _ 61.8 (34693))
and at 42,500 there are very strong resistance ranges (Fibonacci 61.8 - (C) wave major - Static Support Line (42500))
If these points were broken and the confirmation candle was shown, it is suitable to enter according to the appropriate stop loss and money management.
Currently, the pressure to sell is high and is evident in the volume of transactions.
At around 32K, there are very strong support points (Fibonacci 127.2 (34205) _1.618 (34510) _ 61.8 (34693))
and at 42,500 there are very strong resistance ranges (Fibonacci 61.8 - (C) wave major - Static Support Line (42500))
If these points were broken and the confirmation candle was shown, it is suitable to enter according to the appropriate stop loss and money management.
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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.
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.