Lever looking good! Let's see how it goes! It has retraced the move back into POI and is starting to look bullish. All indicators flashing buy and as BTC is primed for 48k in the coming weeks, this is a moonshot!
Provided it doesn't not sweep the lows, we're going higher.
After the flash dump, TOMO has grabbed liquidity and retraced into the .618 level. Looking for it to dip towards the .78 area. A potentially slow grind up towards the 1.618 extension is in the books. Expecting the liquidity at 2.57 to get swept.
In the previous cycle, price rallied from the bottom to the .618 level before retracing and failing to sweep the lows, signally the start of the fully wave of the market rally. With liquidity around the .618 area, a sweep of it could easily trigger a sell off towards the lows. Is history going to repeat itself? Get ready for fireworks either ways! Happy Trading!
big time just retraced to the .78 level. Anticipating bullish momentum towards .618 extension