Long
SoT 2.0 Chartoff March, Week 3
Updated
This week we are looking at HOTBTC.
I picked this coin for 2 reasons:
#1 The technicals look good
#2 This is kind of a "penny-stock" coin and I'm looking to improve charting those
On the technicals: we are still in a long term uptrend that started at the beginning of this year.
This trend is holding nicely on the daily.
On the hourly we have recently created 2 levels at 27 and 28.
I would look for entry at the 28 level and have your stoploss at 27.
Regarding the targets: we have a lot of tested levels, up until the weekly level at 41 sats.
However, I would play this on the "safe" side and have to targets.
The first target being the 31 sat daily target where you sell 50% and the second target being the 33 sat daily target where you sell the other 50%.
If you want to take a little bit more risk, monitor the volume and action after the first target has been reached.
To increase risk, you could hold 50% of your trade to the 36 sat daily level.
I picked this coin for 2 reasons:
#1 The technicals look good
#2 This is kind of a "penny-stock" coin and I'm looking to improve charting those
On the technicals: we are still in a long term uptrend that started at the beginning of this year.
This trend is holding nicely on the daily.
On the hourly we have recently created 2 levels at 27 and 28.
I would look for entry at the 28 level and have your stoploss at 27.
Regarding the targets: we have a lot of tested levels, up until the weekly level at 41 sats.
However, I would play this on the "safe" side and have to targets.
The first target being the 31 sat daily target where you sell 50% and the second target being the 33 sat daily target where you sell the other 50%.
If you want to take a little bit more risk, monitor the volume and action after the first target has been reached.
To increase risk, you could hold 50% of your trade to the 36 sat daily level.
Trade active
Looks like our entry target was hit and we are now trading this positionNote
We just hit our first profit target, selling 50% at 31 sats. Let’s see if we can push up to 33 sats to also hit our second targetTrade closed manually
This coin hit 31 sats again briefly and we sold the other 50%. It’s not making the big move we hoped for. Still, we made 10,71% profit in Total.
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