Thanks for coming around... your likes and comments means a whole lot to me......
This asset has rallied down from its all-time high of $310 zone down to its present low around $126 zone.
This bearish move corresponds to a 60% correction from the previous high. This current is also $4- $5 away from FIB 76.8.
For me, this asset may retrace and retest the current resistance zone.
My TP target for my long position will be the $150 - $156 zone.
#risk mnagaement #stop loss
This asset has rallied down from its all-time high of $310 zone down to its present low around $126 zone.
This bearish move corresponds to a 60% correction from the previous high. This current is also $4- $5 away from FIB 76.8.
For me, this asset may retrace and retest the current resistance zone.
My TP target for my long position will be the $150 - $156 zone.
#risk mnagaement #stop loss