DEEP Key Levels - Weekend Trade Setups

DEEP has been consolidating in a 6-day trading range and as we move into the weekend, lets look at the setups.

Short Trade Setup

Resistance Zone: The 0.786 Fibonacci retracement aligns with the POC of the 6-day range at $0.304, making it an ideal short entry

Target: The 0.618 Fibonacci retracement at $0.208, where liquidity has built up below

Risk-to-Reward (R:R): This short offers an impressive 10:1 R:R if the setup plays out

Long Trade Setup

Support Zone: The 0.618 Fibonacci retracement at $0.208 also serves as a key support level

Anchored VWAP from the recent highs provides additional support near this level

Stop Loss: Stop just below $0.195

Take Profit: TP at round 0.24

Trade closed: target reached

No long positions were opened at 0.618 fib, instead, we hit the 0.786 fib with a great reaction

SiDec

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SiDec

🏆 Mastering Fibonacci for precision trading

🔹 Sharing high-probability trade setups

⚡ Unlock the power of technical analysis!