I recently had an intense experience trading £GOAT. Two days ago, its price dropped from £0.87, prompting me to buy at £0.73, leveraging the Fibonacci 0.5 level.
Initially, my position incurred losses. However, upon waking up the next morning, I noticed a trending line with resistance between £0.70-£0.72. I swiftly exited my position, minimizing losses.
Observing further decline from £0.67, I re-entered at £0.65. Ultimately, I closed my position near £0.56, also see how it reacts on £0.60 to £0.65 level it might fall again.
Notably, GOAT's remarkable 40,000% surge in three months suggests potential for correction. I'm cautious, watching if it breaks £0.70. Failure to do so may indicate a bearish trend, potentially pushing prices toward £0.30.
This experience taught me the importance of adaptability and careful observation in volatile cryptocurrency markets.
