We are seeing a rare confluence on multiple occasions to the exact price level.
- Confluence 1: 61.8% fib + 3hr 200-day EMA
- Confluence 2: fib retracement + fib extension
I am no longer adding to my spot position of over $5m.
I have for the first time in #SHIB entered a 5x leveraged long position on a separate account which equates to ~$5m in total size. I will be taking profit on this swing at the 100% fib extension.
Good luck to everyone.
Best,
Matthew Park
- Confluence 1: 61.8% fib + 3hr 200-day EMA
- Confluence 2: fib retracement + fib extension
I am no longer adding to my spot position of over $5m.
I have for the first time in #SHIB entered a 5x leveraged long position on a separate account which equates to ~$5m in total size. I will be taking profit on this swing at the 100% fib extension.
Good luck to everyone.
Best,
Matthew Park
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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.