YouKnowTheVibes

ICPUSD Range bound

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COINBASE:ICPUSD   Internet Computer
ICPUSD seems to be range bound after hitting the overall fib level which is the 1.618 and on the local level it's sitting at the 0.886. You cant confirm that it's technically rangebound on this asset with the data presented but it definitely acted as support before breaking below and haven't retested it since. One could infer that at these levels, Bitcoin willing, that we would see buying pressure come in and we will retest these levels as resistance, confirming the hypothetical range that we could be in. SL and TP levels are highlighted in this position and with this asset I highly recommend using this tight SL with how volatile it is. Best of luck and keep educating yourself! Drop a comment and let me know your ideas!
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