#TFUEL/USDT Ready to go up#TFUEL
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.06320
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.06900
First target 0.07350
Second target 0.07794
Third target 0.08200
Tfuelshort
Don't buy Theta Fuel!Under no circumstances should you buy this altcoin now! It doesn't matter it's TFUELBTC or TFUELUSDT.
Of course, it can still grow. There are a lot of people who want to buy it now.
But there is a gap. TFUE can grow but also can fall.
Altcoins are dangerous enough. They always have a large stop loss.
But in this case, the stop loss can be placed at 80%. The risk/reward is very bad. You can either earn or lose 80% on this position. That's an awful lot.
This is not a call for a short. You can't short altcoins in this market situation. But if you are want to open positions, we advise you to think about it.
If you already have positions, then it is a good time to close it or move it to breakeven.
Recall that it is very dangerous to enter the position of altcoins for more than 5% of the capital.
Stick to your risk management.
Trendline break. Exiting trade.Disappointed to see TFUEL break the trendline we had been siting on. Failed to break out of the short-term descending channel forming since hitting latest high at 154xx. Was hoping for another leg up. Exited in slight profit. I am a noob and this is my first analysis, would love feedback.
TFUEL/BTC (Awaiting break of trendline resistance)TFUEL/BTC
-downward trendline still acting as resistance
-20MA is also its dynamic resistance zone
-the price is trading within accumulation zone
-if the trendline resistance break, priority is upside
-target is up to 40 sats
-stoploss would be below 23 sats