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Long

HEGIC - Looking at a Potential Hectic Move Ahead.

By Andrewthetrader
Updated
Expecting parabolic rise here.
Entry upon touch of trend support.
Target of 2 Fib Ext to match last pump.
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Update
See notes snapshot
Entry was triggered, we are IN. Pullback went deeper than expected, but price is currently above entry now. Should make more fuel for even a bigger move up later.
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Currently at .75 fib on Daily, Previous swing low at .786 fib, if there is any chance of a reversal it must be done now. 24 cent level is broken. The potential for this thing to go to 13c is a real possibility, especially if BTC continue to struggle. I really can't see too much demand as seen through the candle structure, it is continuing to bleed, without much sign of fight. For me on the balance of probabilities its time to close this trade, preserving capital is king. Sorry that this didn't work out.
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snapshot
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Bottomed out ... up now.
HEGICBUSDTrend Analysis
Andrewthetrader
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