Metis, Algo targets set for $911, 18x

قبل ٤ أيام

0.768 fib is a deep retrace but that was common in the 2017 cycle so i don't think its a big deal. looks like a 1-2 1-2 Elliott wave so could extend well beyond these algo targets. taking profits at the algo target is a safer play but might be worth keeping a moon bag.

See linked BTC chart for why my charts are so bull.


The Trade:

• Preferred Entry: $28.86 or a 0.168 retrace of this impulse wave (if we get one)
  
• Ape Entry: $47.30
  
• Stop: $32.71
  
• Resistance: $106 - order block already tested once
  
• Target 1: $277
  
• Target 2: $955
  

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.