We have another example of a double bottom very near levels as low as 1 year ago, and it is also below the 88.6% Fib of last rally. The OBV is very high, MACD with a confirmed divergence and Willy left the oversold area and also confirmed a “W”. A small trade could be made near the W confirmation level of 1196 sat, or try and get your orders filled in a small pullback of those values. If the orders get filled, the recommendation is to take profits at 2x at half of the position, to break-even, and another one at 3x.
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