The Long Investor

$JASMY

Added 2024-12-10 00:14:55 +0000 UTC

Again not too concerned here either, price is working its way through the Fib levels now and just below the 0.38 Fib so unless this level is recaptured shortly then I expect a further decline down to the 0.5 Fib or the 0.618 Fib

The good news then would be that this ABC pull back is nearly complete and then I expect a move higher.

So if you want to add, wait for support but I do appreciate that this moves very quickly and it is sometimes hard to get support confirmation first.

So a DCA strategy may suit here between 0.5 - 0.618 Fibs

Golden Cross will also take place over the next 24 hours and $JASMY is not looking extended now compared to where it's moving averages are, which is a positive sign.