BREAD - Buy Opportunity - 38% ROI - 4:1 Risk/Reward
Updated
BRDBTC appears to be in the accumulation phase after a length time in the doldrums. There have been a number of failed breakouts higher and is starting to squeeze at the base of the accumulation zone. This is a trade opportunity for those that trade, not necessarily HODL. However this is a good opportunity to buy LOW.
Reasons why I will enter a short term long position using a stop-limit order:
1. Breakout triangle forming at base of consolidation zone
2. Tight squeeze with previous failed breakouts
3. High return on investment (38%) with 4:1 risk/reward
Enjoy.
You can now follow me on Steemit: steemit.com/@crypto-toast
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Reasons why I will enter a short term long position using a stop-limit order:
1. Breakout triangle forming at base of consolidation zone
2. Tight squeeze with previous failed breakouts
3. High return on investment (38%) with 4:1 risk/reward
Enjoy.
You can now follow me on Steemit: steemit.com/@crypto-toast
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
Still waiting for a break-out...Note
No trade. Will still keep an eye and place a limit order if/when it break-highers after a entrancementTrade closed manually
Note
Left money on the table...
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