Low Risk Trade; Good Potential - BITTREX/POLONIEX
Updated
Here you have VTC a coin that has bounced twice off its bottom that it held before it started rallying from back in October 2017.
I have listed this as a low risk trade as we are at a low from September 2017 and we have tested this low twice now and seen a solid bounce, the coin won't be a confirmed breakout until we cross the trend line drawn on the chart in black and this may happen closer to the apex.
Stop loss will be set just below the red line we use this for safety but its unlikely to hit the stop on this trade with such a strong base.
You will see we have just bounced off the trend line now and couldn't break the resistance and we may go back to retest the red line again, this would be an ideal entry. However, we are in a good buying range regardless if we don't see another retest, this coin overall is positioned well for a nice move.
The RSI I want you to note the bullish circled in green, this is the buy signal we need on the coin to confirm the move.
Targets are set in green but do not expect these to be achieved over coming days these are long targets.
Coins get down to a price that investors can't refuse and this is where VTC has gotten to and I have decided its not a coin I will trade its a coin I will hold and collect profits at each target.
No need to rush into this coin you can wait for it to break out if you like.
Cash Is King!
I have listed this as a low risk trade as we are at a low from September 2017 and we have tested this low twice now and seen a solid bounce, the coin won't be a confirmed breakout until we cross the trend line drawn on the chart in black and this may happen closer to the apex.
Stop loss will be set just below the red line we use this for safety but its unlikely to hit the stop on this trade with such a strong base.
You will see we have just bounced off the trend line now and couldn't break the resistance and we may go back to retest the red line again, this would be an ideal entry. However, we are in a good buying range regardless if we don't see another retest, this coin overall is positioned well for a nice move.
The RSI I want you to note the bullish circled in green, this is the buy signal we need on the coin to confirm the move.
Targets are set in green but do not expect these to be achieved over coming days these are long targets.
Coins get down to a price that investors can't refuse and this is where VTC has gotten to and I have decided its not a coin I will trade its a coin I will hold and collect profits at each target.
No need to rush into this coin you can wait for it to break out if you like.
Cash Is King!
Note
In a healthy profit here and looks like we will get another strong leg after we consolidate.Note
this coin is a hold chart still looks great and we have broken a strong line of resistance. We are at early stages of this break out
Note
Here we have VTC thats still a great entry
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