DEEP Key Levels - Weekend Trade Setups

24 gen

DEEP has been consolidating in a 6-day trading range and as we move into the weekend, lets look at the setups.

Short Trade Setup

• Resistance Zone: The 0.786 Fibonacci retracement aligns with the POC of the 6-day range at $0.304, making it an ideal short entry
  

• Target: The 0.618 Fibonacci retracement at $0.208, where liquidity has built up below
  

• Risk-to-Reward (R:R): This short offers an impressive 10:1 R:R if the setup plays out
  

Long Trade Setup

• Support Zone: The 0.618 Fibonacci retracement at $0.208 also serves as a key support level
  

• Anchored VWAP from the recent highs provides additional support near this level
  

• Stop Loss: Stop just below $0.195
  

• Take Profit: TP at round 0.24
  

27 gen

Trade chiuso: obiettivo raggiunto

No long positions were opened at 0.618 fib, instead, we hit the 0.786 fib with a great reaction