entry and stop-loss.
as we all know. The golden pocket (0.618) often play out to become the pullback area. which is why I enter a long there. the stop-loss was placed under 0.886 because according to fibonacci this is a level where a reversal of the trend gets executed.
Target
the 70k area is an area of resistance. I am playing it safe so I will exit my total position there. I might take partial profits on the way up on areas of resistance. Because "the 1,2 and 3 rule in making money is to not lose money" - Warren Buffet.
PS:
The drawn chart behavior is vague. Dont expect it to move exactly like this. Its just a draft I made really quick...
as we all know. The golden pocket (0.618) often play out to become the pullback area. which is why I enter a long there. the stop-loss was placed under 0.886 because according to fibonacci this is a level where a reversal of the trend gets executed.
Target
the 70k area is an area of resistance. I am playing it safe so I will exit my total position there. I might take partial profits on the way up on areas of resistance. Because "the 1,2 and 3 rule in making money is to not lose money" - Warren Buffet.
PS:
The drawn chart behavior is vague. Dont expect it to move exactly like this. Its just a draft I made really quick...
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.