Working our way nicely down through this pull back in a controlled manner, we can still see some buyers stepping in on any dips and that is likely a DCA strategy so I can't argue with what they are doing, also if institutions are scaling in, they can not wait for the lower Fib levels, the supply simply won't be there either.
We will continue to wait, as we already have three buys in at lowers entry points, so no need to rush.
Ideally at the 0.5 Fib at $62 is where we want to add but I would be waiting to see support first as the price has just dipped below the 50 Day MA.
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2024-06-23 16:03:22 +0000 UTC