WSM bounce up to 0,04 after a healthy drop
Updated
WSM dropped from the retest of 0,034 as expected.
A healthy retrace to 0,02372 USDT = smack in the middle of the .618 to .786 fib formed by te rally from 0,01858 USDT.
Nice bounce of this fib, as expected, seen the massive bullish RSI divergence.
Possible scenario:
A start of a new 3 drives up pattern starting at 0,0274 USDT to retest 0,04 USDT after the 3rd drive. (see chart)
R1 at 0,0273
R2 at 0,0316
R3 at 0,04
TP1: 0,0333
TP2: 0,037
TP3: 0,04
Invalidation by a drop below 0,02215 USDT (stop loss)
No trading advice, DYOR
A healthy retrace to 0,02372 USDT = smack in the middle of the .618 to .786 fib formed by te rally from 0,01858 USDT.
Nice bounce of this fib, as expected, seen the massive bullish RSI divergence.
Possible scenario:
A start of a new 3 drives up pattern starting at 0,0274 USDT to retest 0,04 USDT after the 3rd drive. (see chart)
R1 at 0,0273
R2 at 0,0316
R3 at 0,04
TP1: 0,0333
TP2: 0,037
TP3: 0,04
Invalidation by a drop below 0,02215 USDT (stop loss)
No trading advice, DYOR
Trade active
Note
This one is playing it close with my stop loss at the .786 fib...Note
Or this will be a stop loss breach, or this will be a strong triple bottom bounce of the .786 fib.In case of a recovery out of this point this could be a possible scenario upwards:
Trade closed: stop reached
Note
Double bottom at 0,01875 is probable right now. Let's hope for a healthy bounce down there.
Interest (buyers) seems very low, the drop below the .786 fib was not logical. The team should step up... More aggressive marketing of this token is needed.
Note
No emotions and an exact adherence tot the trade plan and it's stop loss is imperative to successful trading.In this case the SL was breached so the trade took a loss.
As a result I made a re-buy at 0,020 USDT for the start of a new trade and already made up for the loss.
All the buy and stake investors (from the presale) are in a -50% loss.
With good trading skills they could have been in a +250% win situation right now.
That's the core of trading.
Trade active
Double bottom is in...Time to get back in
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