WINGS - Ready to FLY???
Thoughts
- Not a great setup in terms of R/R
- 200EMA and 50EMA getting closer
- Good volume spikes, orange box (Bullish)
- Higher low, light blue line (Bullish)
- Still hovering between the 0.236 and 0.382 Fibs
- Supporting trend line is still in tact and bounced off a strong support zone
- Stop loss should be around 0.000055 (causing a new local low) around 21% of current WINGS 0.000069
- Target seems a bit tough to achieve but it should be around 0.0001 to get a R/R of 2
- Not a great setup in terms of R/R
- 200EMA and 50EMA getting closer
- Good volume spikes, orange box (Bullish)
- Higher low, light blue line (Bullish)
- Still hovering between the 0.236 and 0.382 Fibs
- Supporting trend line is still in tact and bounced off a strong support zone
- Stop loss should be around 0.000055 (causing a new local low) around 21% of current WINGS 0.000069
- Target seems a bit tough to achieve but it should be around 0.0001 to get a R/R of 2
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