AMBBTC Binance
Updated
Forming a large symmetrical triangle with potential for big gains. I would wait and see if the price can come to support levels, the 15M indicates the price is ovebought so in theory we should come down just a little bit. On the other hand, the 1H shows we're oversold already, but we might jus have some time before the a new 1H candle opens to touch support.
We want to do this to minimize risk since AMB has been making big moves, we don't want to get in too early a trigger a stop loss.
Stop loss is a little harder for this one since the price moves a lot, while we have the potential to get 40% in a day we can also lose our gains very quick. A normal 5-10% stop could work if we buy at the very bottom of support. If you don't wanna risk 10% loss just put a 5% stop loss and rebuy at the bottom if it gets triggered.
Keep in mind BTC is king in this market and if it decides to dump/pump all alts will be affected!
Take profits in the white zones, either close the whole trade or sell 25% or 50% and wait for the next target.
Happy trading!
We want to do this to minimize risk since AMB has been making big moves, we don't want to get in too early a trigger a stop loss.
Stop loss is a little harder for this one since the price moves a lot, while we have the potential to get 40% in a day we can also lose our gains very quick. A normal 5-10% stop could work if we buy at the very bottom of support. If you don't wanna risk 10% loss just put a 5% stop loss and rebuy at the bottom if it gets triggered.
Keep in mind BTC is king in this market and if it decides to dump/pump all alts will be affected!
Take profits in the white zones, either close the whole trade or sell 25% or 50% and wait for the next target.
Happy trading!
Note
And here we go again, BTC dropping once again! Almost like clockwork.Note
Even though BTC dropped today AMB managed to hold its support. I'm still in the trade and hope we reach our targets soon!
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