Audius, AUDIO, .707 fib retracement sets up 140x Algo target
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the .707 fib is deep but the setup still looks good. double bottom into the golden pocket with a final liquidity sweep to .707 provides an excellent Risk to Reward trade.
See linked BTC chart for why my charts are so bull.
The Trade:
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
the .707 fib is deep but the setup still looks good. double bottom into the golden pocket with a final liquidity sweep to .707 provides an excellent Risk to Reward trade.
See linked BTC chart for why my charts are so bull.
The Trade:
- Preferred Entry: $0.10 or a 0.168 retrace of this impulse wave (if we get one)
- Ape Entry: $0.13
- Stop: $0.095
- Resistance: $0.67 - order block + $1.12 bear golden pocket.
- Target: $18.39
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
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