If you're experiencing FOMO, you might consider buying at the current price of $85, which is near the 200-day moving average (MA) on the daily timeframe.
However, I remain biased to the downside, as there is still some room for further decline.
Key Support at $80:
1) 50-day MA support on the weekly chart
2) 61.8% Fibonacci retracement level
3) Psychological round number support
I'm watching $80 as the next support level before making my first DCA entry.
However, I remain biased to the downside, as there is still some room for further decline.
Key Support at $80:
1) 50-day MA support on the weekly chart
2) 61.8% Fibonacci retracement level
3) Psychological round number support
I'm watching $80 as the next support level before making my first DCA entry.
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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.