HEDG/BTC - HedgeTrade will PUMP soon. Here in this special idea I will share with you some information on lower marketcap coins that still have that MOON potential many people are looking for.
Always feel you've missed out on the coins that made a massive gain? The solution is to start looking at smaller coins with a lower marketcap.
This week I present you such a coin: HEDG/BTC. Next week there is a high possibility some major announcements will come, and announcements for smaller coins often lead to massive volatility and increase in volume.
HEDG is an interesting project. Especially for someone like me as a trader who gives ideas to the community. HedgeTrade is a blockchain-driven social trading platform where traders share their knowledge. Traders post predictions into a smart contract-powered Blueprint that users can purchase or unlock in order to access. Traders are rewarded if the Blueprint is correct, otherwise the users purchase is refunded. And traders only earn rewards when they submit accurate predictions. Users can make the same trade and profit alongside.
Since this can be an interesting gamble, I will explain to you a few things you need to take into account.
First of all, the technicals look good. The RSI is oversold and the price is near a support zone. This is a really solid buy signal.
From a pump & dump point of view, this coin obviously has major red flags. We've seen earlier moves where the price spiked up and dropped massively directly after.
You can earn some serious money here, but make sure you decide on an exit strategy before going in. Set your limit orders already, and don't make yourself lose sight of your exit by feeling greed.
I suggest a trade towards the resistance zone here, which should reward you with about a 150% gain. Not too bad ey?
Also, don't trade with too much money, since the low liquidity of smaller marketcap coins might lead to major slippage. Go easy when you buy this coin, and use limit orders or very small market orders.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
