KIN pump coin. Breakthrough of the local downtrend line
Updated
Kin is a very cheap coin pump. Coin of the American messenger with the same name. Hype cryptocurrencies in 2017 helped make ICO and raise money when this company was on the verge of bankruptcy. I doubt the prospects in the future, but for temporary speculation a great tool. There is a breakthrough of the local downtrend line. The volume of the buyer has entered.
The price of $ 0.000004 is 4 times less than 1 satoshi. Due to such a cheap price, it is often pumped, including in the bear market, by hundreds of percent. This is visible on the chart.
In the bear market of 2018-2019, there were 5 pumps from +90 to + 350%. This is at a time when all the top altcoins with “technology” were in a pronounced downtrend with no signs of life by hundreds, or even tens of hundreds, percent, for example, as “technological very promising” Neo -1000%, NEM -2300%! Qtum -5000%! minus 50X! OmiseGO -2000%, ICON -3000%, Bytom -2200%! Hold "technologically advanced scam" is a great solution for losing real money !!! Not a technological scam KIN made a profit in real money and more than once.
The first strong resistance, past support which has now become strong resistance (birch zone on the chart). Perhaps the price will not get there the first time. With this coin you need to work on the principle of pump / dump.
TARGET
+ 300% to + 1200%
The goals on the chart on such coins for pumping is a convention. They can pump up due to the initial cheapness and low capitalization by any percentage. As a rule, most passenger martyrs are reset to + 100%. Then the heat begins. As a rule, hamsters shave in such coins due to greed. Greed begets poverty.
As a rule, after local pumping, there is a dump of 80-100%. It is worth noting that if there is a general market turn (it will be) this coin can be pumped up very much due to the very cheap initial price. Indeed, for example, the price of 10 satoshis will already be 4000%! (40X).
Stop loss
Under key support levels during your entry into the market.
The price of $ 0.000004 is 4 times less than 1 satoshi. Due to such a cheap price, it is often pumped, including in the bear market, by hundreds of percent. This is visible on the chart.
In the bear market of 2018-2019, there were 5 pumps from +90 to + 350%. This is at a time when all the top altcoins with “technology” were in a pronounced downtrend with no signs of life by hundreds, or even tens of hundreds, percent, for example, as “technological very promising” Neo -1000%, NEM -2300%! Qtum -5000%! minus 50X! OmiseGO -2000%, ICON -3000%, Bytom -2200%! Hold "technologically advanced scam" is a great solution for losing real money !!! Not a technological scam KIN made a profit in real money and more than once.
The first strong resistance, past support which has now become strong resistance (birch zone on the chart). Perhaps the price will not get there the first time. With this coin you need to work on the principle of pump / dump.
TARGET
+ 300% to + 1200%
The goals on the chart on such coins for pumping is a convention. They can pump up due to the initial cheapness and low capitalization by any percentage. As a rule, most passenger martyrs are reset to + 100%. Then the heat begins. As a rule, hamsters shave in such coins due to greed. Greed begets poverty.
As a rule, after local pumping, there is a dump of 80-100%. It is worth noting that if there is a general market turn (it will be) this coin can be pumped up very much due to the very cheap initial price. Indeed, for example, the price of 10 satoshis will already be 4000%! (40X).
Stop loss
Under key support levels during your entry into the market.
Note
Small scale local breakout zone. There is a buyer's volume.
Trade closed: target reached
Profit after breaking down a wedge in 1.5 months:
+ 100%
+ 140%
+ 40% (not all).
Trade closed: target reached
+113%
Note
The channel and pivot zones are shown on the chart. Fixing prices above the channel resistance level may serve as confirmation of further growth. Not overcoming this zone can serve as a price reduction to the important zone indicated on the chart. Further, how the price will react to this support zone .
Trade closed: target reached
+162%
Trade closed: target reached
+200%
Note
Note
Note
Trade closed: target reached
Trade closed: target reached
Further work on the instrument. Potential reversal area.
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