$POA BTC - easy money - 50% gain 1:5 risk/reward
Updated
Guys,
While I’m longterm bullish on POA, this correction seems like it’s not done yet:
1) We are only .382 the amount of bars it took for the impulse wave that precedes it.
2) I am unable to identify the waves in the daily chart, making this seem like a single impulse wave that’s part of a larger corrective wave.
With that said, we do have a short bullish corrective wave within this correction to cash in on so let’s gamble a bit here while BTC is showing strength. You can FOMO market buy or set your order as follows:
Spread your entries: 0.00004900 down to .00004700
Stop: 0.0004325
Target: spread your TP from 0.00006800 to 0.00007200
After you exit at 7200, we may continue the trend up but there is a chance that we’ll come back down to the 4000 range so tread carefully if you decide to hold. This will all depends on the impulsive wave that takes us to 7200 of course so I’ll be updating this post as we go.
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
While I’m longterm bullish on POA, this correction seems like it’s not done yet:
1) We are only .382 the amount of bars it took for the impulse wave that precedes it.
2) I am unable to identify the waves in the daily chart, making this seem like a single impulse wave that’s part of a larger corrective wave.
With that said, we do have a short bullish corrective wave within this correction to cash in on so let’s gamble a bit here while BTC is showing strength. You can FOMO market buy or set your order as follows:
Spread your entries: 0.00004900 down to .00004700
Stop: 0.0004325
Target: spread your TP from 0.00006800 to 0.00007200
After you exit at 7200, we may continue the trend up but there is a chance that we’ll come back down to the 4000 range so tread carefully if you decide to hold. This will all depends on the impulsive wave that takes us to 7200 of course so I’ll be updating this post as we go.
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Note
And we are in the trade at 4800 and 4900
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