Thoughts on Bilibili?
On the H4, with price moving within an ascending channel, I have a bullish bias that price will rise to the buy entry at 210.2 where the pullback resistance, 61.8% fibonacci retracement and 78.6% fibonacci projection are. Once there is upside confirmation of price breaking entry structure, we would expect bullish momentum to carry price to take profit at 238.0 where the swing high resistance, 61.8% fibonacci projection and 127.2% fibonacci extension are. Alternatively, prices could drop to stop loss at 176.2 in line with swing low support.
Entry: 210.2
Take profit: 238.0
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