Price once again tested $0.60 and rejected, this is just more confirmation of the relevance of this level. Having said that, I don’t think it would survive another test and I’m moving my stops just below $0.60 to minimize the risk in the trade. I maintain the same targets and will slowly scale off as they are met. I also have a short running on ETHUSD which lends itself to the overall bias of a dip. The next impulsive move will be swift so I might have to monitor and update more than usual.
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