The market structure on the H4 chart was about to flip bullish. The FVG at $0.46 could offer an entry for long positions after a bullish MSB.
Weak BTC meant $0.48 and $0.49 resistances could pose a substantial threat, especially over the weekend when extra volatility could arise. The Fibonacci levels are based on the move from $0.34 to $0.585 in late March.
Entry: $0.458
Target: $0.494
Stop-loss: $0.443 (below recent swing low)
Weak BTC meant $0.48 and $0.49 resistances could pose a substantial threat, especially over the weekend when extra volatility could arise. The Fibonacci levels are based on the move from $0.34 to $0.585 in late March.
Entry: $0.458
Target: $0.494
Stop-loss: $0.443 (below recent swing low)
Note
didn't retest FVG but rallied past $0.5
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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.