A mechanical LONG entry for ONTBTC
Based on a previous impulsive wave up a fib is drawn, the ignition level to start looking for entry is the 0.5 fib and then looking for a retracement to the 0.25 level, profit taking is the 1.0 level with a stop loss also indicated on the chart.
Given that BTC is king and the current market conditions it probably worth laddering in entries down to 8800 sats
Based on a previous impulsive wave up a fib is drawn, the ignition level to start looking for entry is the 0.5 fib and then looking for a retracement to the 0.25 level, profit taking is the 1.0 level with a stop loss also indicated on the chart.
Given that BTC is king and the current market conditions it probably worth laddering in entries down to 8800 sats
Trade active
ONT has now dipped into the buy zone area, given the current market conditions keep a very close eye on BTCUSD prices as this will ultimately decide the outcome of any trades on all alt coins right now with the majority bleeding heavily, with a few outliers holding up a little better.Trade closed manually
stopped out btc took a poop
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.