Looking at the graph there is a small pennant starting to form and we are also getting very close to the 50 EMA.
So I would expect a small bounce in the next day or two
I would buy some now and try a few more at 92.
Then aim to sell 50% at 106 and the rest at 109
This coin is definitely on a down trend for the foreseeable future, so I would be careful to expect too much out of a week-end bounce.
So I would expect a small bounce in the next day or two
I would buy some now and try a few more at 92.
Then aim to sell 50% at 106 and the rest at 109
This coin is definitely on a down trend for the foreseeable future, so I would be careful to expect too much out of a week-end bounce.
Trade closed: target reached
The bounce has now happened, we reached 109Is there room for a little more, maybe, but I wouldn't risk it.
This coin will continue to descend and we must look for the next 'jump'.
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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.