For opening long trades we have to wait for a correction wave. Fibo Retracement tool can give us good entry level for our trades. I like 38,2%, 50% and 61.8% levels which are more reliable. Also price reversal from these levels should be confirmed by RSI, candlestick patterns. Only after that we'll be able to open long trades and join to the up trend.
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P.S. If you think this information can be useful, please, like it and share. Also I will be glad to read your comments )
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💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
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.