#TFUEL/USDT#TFUEL
The price is moving in a bearish flag on the 12-hour frame
And we have a breakthrough in that science already
We are oversold on the RSI indicator
We also had a strong uptrend as well as our Moving Average 100
We have a major support from which the price rebounded more than once: 0.04000
Entry price is 0.044291
The first target is 0.04469
The second goal is 0.04709
The third goal is 0.04961
Tfuelusdtshort
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.
TFUEL/USDT Day Chart Bearish short term ideaIn this scenario we see a descending triangle almost completed. We have one more descending scallop to see play out and in this situation having just pumped from a falling wedge into a consolidation region we should make a double bottom and begin what will be a massive uptrend if it plays out. Horizontal line shows projected best buy in point if this falls. If you agree throw me a like and follow me for more great ideas and concepts.