The .618 fib level is known as the golden ratio, a place where usually a lot of buyers will be stepping in.
This .618 fib level of the last run up is at ~7800 USD. Also a big support level ~7600 USD.
Depending on the price action at these levels this could be a good opportunity to build a long position.
This .618 fib level of the last run up is at ~7800 USD. Also a big support level ~7600 USD.
Depending on the price action at these levels this could be a good opportunity to build a long position.