Long
VENBTC - As solid as it gets 50% gain, 1:10 risk/reward
Good day traders,
I’m not a master of the charts, the professor, the legend, nor the king… but it doesn’t take a genius, not that the aforementioned personality is one, to realize where VEN is heading.
I don’t work with head & shoulders, flags, pennant, etc… I’m a simple man. When I see green, I buy.
As you can see, we’ve risen above a key pivot at 49500 and have since retested it with success. Despite a somewhat bearish market, we can’t even close a single candle below the 10 day EMA. This speaks volume about this little coin that has a cult like following. My Russian friend says TA this coin before he sends his friends to visit me, so here I am telling you about a rather solid trade. With BTC going sideways within the next few days, I expect VEN to either test our support a few more times or at least have a few quick burst below the 10 day EMA for an entry for someone who’s willing and patient.
Entry 5200 or below
Stop 49300 or don’t because, why not
Target 79K, start taking profits from 70K and up
R/R ratio: 1:10
Duration: roughly 45-50 days
If you have found this to be entertaining at the least or if you hated it, feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
I’m not a master of the charts, the professor, the legend, nor the king… but it doesn’t take a genius, not that the aforementioned personality is one, to realize where VEN is heading.
I don’t work with head & shoulders, flags, pennant, etc… I’m a simple man. When I see green, I buy.
As you can see, we’ve risen above a key pivot at 49500 and have since retested it with success. Despite a somewhat bearish market, we can’t even close a single candle below the 10 day EMA. This speaks volume about this little coin that has a cult like following. My Russian friend says TA this coin before he sends his friends to visit me, so here I am telling you about a rather solid trade. With BTC going sideways within the next few days, I expect VEN to either test our support a few more times or at least have a few quick burst below the 10 day EMA for an entry for someone who’s willing and patient.
Entry 5200 or below
Stop 49300 or don’t because, why not
Target 79K, start taking profits from 70K and up
R/R ratio: 1:10
Duration: roughly 45-50 days
If you have found this to be entertaining at the least or if you hated it, feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
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