Update from last Kuaishou post.
Since the last time I posted, price hasnt reallt moved. My idea has not been invalidated yet and im still bullish.
With price moving above the ichimoku cloud and the current bullish trend, Im looking to get in on a buy position if price breaks the horizontal swing high resistance at 89.05 to my take profit at the next horizontal swing high resistance at 99.60 in line with the 78.6% fibonacci projection. Altertively, price may break structure and head for my stop loss where the next horizontal swing low support and 38.2% fibonacci retracement.
Entry: 89.05
Take profit: 99.60
Stop loss: 79.75
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