STEEM / BitcoinLong
Steem Buy only after Break of R1 with possible strong wave
Updated
Steem
R1 level has
1. 20 EMA line
2. Previous support level is broken then retested couple of times
3. Also our resistance trend line in red
Because how many different factors are in play, I would suggest buy after a breakout.
I would expect possible strong pump afterwards
So possible scenario from here is test of resistance
accumulation above the .00050 level
then break out
Stop loss would be a break below the green support trend line
Solid project
for short term trading purposes suggested trade would be a break out of R1 with a target of R 2
Long term trading targets goes around the 8s so go with .00078 , .00088 and .00098 for now
Please do your own research
BEST OF LUCK EVERYONE
R1 level has
1. 20 EMA line
2. Previous support level is broken then retested couple of times
3. Also our resistance trend line in red
Because how many different factors are in play, I would suggest buy after a breakout.
I would expect possible strong pump afterwards
So possible scenario from here is test of resistance
accumulation above the .00050 level
then break out
Stop loss would be a break below the green support trend line
Solid project
for short term trading purposes suggested trade would be a break out of R1 with a target of R 2
Long term trading targets goes around the 8s so go with .00078 , .00088 and .00098 for now
Please do your own research
BEST OF LUCK EVERYONE
Trade active
Closing on our trigger Keep a close eye at the start for fakeouts
Though daily chart continue to support a continuation of upward trend
Trade active
Strong red bar today possible retest of the 0.0050 line again
suggest sell and buy above.0052 Mark
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