Pulling the Fibonacci wave and trading volume distribution, you can clearly see that the 0.618 since this round of rise almost coincides with VAL, and there are 4 bottoms here, which are approximately parallel bottoms. If the price falls below here, take away liquidity. In the future, if it stands above VAH, it is very worthwhile to enter the long position.
Violent bulls can place long orders on the left near 0.728, aggressive bulls can place ladder long orders on the left below 0.728, and conservative bulls can cut in on the right side here, with standard stop loss below 0.672 and violent stop loss below 0.6.
I personally donât like to watch the market and prefer left-side trading strategies. Trading strategies are time-sensitive. All comments do not constitute any investment advice. I wish you all good luck~
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