Wancoin (WAN) started a month long rally on early April, reached its climax at the beginning of May and later shook off all gains to finally reach "bottom".
Looking at the chart today, if WAN holds above the 5300 satoshis level, another run can start and good profits realized. With several major events coming up for Wancoin (WAN), we can expect another move in the next 2-3 weeks. We are going for very low risk, and very high rewards...
Note: If WAN goes down lower before going up the possibilities are really high that it will bounce back up strong fast, for this reason the stop loss is optional for this trade. Patience is key.
Capital allocation: 5%.
Time frame: 1-3 weeks.
Note: Time frame is the expected time necessary for this trade to develop. This is not exact and can change according to market conditions. Use it as reference.
Trade strategy: Aim for at least 20-30%+ profits.
Namaste.
Trade closed: stop reached
Comment
Keep a close eye on this one, good opportunity coming if the market turns early.
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