HEDG/BTC (Testing 0.786 Fib Support, Potential Big Bounce?)
HEDG/BTC
-HedgeTrade just had a strong pump last 1st of August
-The price increased by over 100% gains
-This time around, its value started giving back those previous gains
-But it is part of the market cycle, taking profits from the top is normal
-Looking at the technical side, It is currently testing the 0.768 Fib level of support
-And previous minor consolidation last 29 of July - August 1 trading action
-This is actually a good rebuy zone if you are positioning for a swing trade idea
-Buying a key area of support is the best option right now
-Also, since the dump last June 8, the volume started increasing
-This is a potential sign of some whales or group of traders
-Are buying every dip the price make to start scaling in for midterm Bullish ideas
-I'm not saying 99% the price will go straight to the moon within months
-But only stating the potential upside scenario by on the technical side
-As I'm always been repeating myself, follow your trading plan and use proper risk management
-Fundamental view analysis
-HedgeTrade partnered with TRON and we all know this is a big project in crypto space
-Both companies are exploring the potential benefits of DeFi
-This is big news in the upcoming future developments
-HedgeTrade just had a strong pump last 1st of August
-The price increased by over 100% gains
-This time around, its value started giving back those previous gains
-But it is part of the market cycle, taking profits from the top is normal
-Looking at the technical side, It is currently testing the 0.768 Fib level of support
-And previous minor consolidation last 29 of July - August 1 trading action
-This is actually a good rebuy zone if you are positioning for a swing trade idea
-Buying a key area of support is the best option right now
-Also, since the dump last June 8, the volume started increasing
-This is a potential sign of some whales or group of traders
-Are buying every dip the price make to start scaling in for midterm Bullish ideas
-I'm not saying 99% the price will go straight to the moon within months
-But only stating the potential upside scenario by on the technical side
-As I'm always been repeating myself, follow your trading plan and use proper risk management
-Fundamental view analysis
-HedgeTrade partnered with TRON and we all know this is a big project in crypto space
-Both companies are exploring the potential benefits of DeFi
-This is big news in the upcoming future developments
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