TFUELBTC trade ideas
TFUEL/BTC (Danger Zone)TFUEL/BTC
-multiple rejections by the 50D MA as the price unable to break above it
-currently holding still the .618 fib support level
-this is very crucial for TFUEL because the more the support is tested
-the more it gets weaker in the long run & if this level of support will fail
-the downside target is .786 down to swing low at 67 sat
TFUEL/BTC (Bounce at .618 Fib?)TFUEL/BTC
-during the recent pump last June 12
-the price has retraced back to 618 fib support level
-this is also the previous support last 1st week of June
-there is a visible downward trendline resistance
-the only safe way to enter a trade here
-is to buy the break of a trendline with a candle close
-and volume entries to add an extra layer of confirmation
-the upside target is up to 122 sats
-ideal stop loss is below green line support
..... you've got to be careful.Profits with some cryptocurrencies are a little bit elusive, not long ago I was so happy to see my money
grow so fast that I took a screenshot instead of taking some money out.
The time the screenshot took took me to capture the rare event, it was enough for me to see 100 Sats...
vanish up in the air without any stop, none whatsoever.
Again, well over one week this price has been around 100 Sats.. TFUEL has shown great potential.
But you've got to be careful.
Make sure you understand the risks associated with any business, specially those new ones we don't know much about.
Just a guess, not an analysis.So, a good guess is as good as a formal job.
Here I guess that the indecision here is due to a price rising too fast.
As TFUEL's price is sitting up there about 60% from the lowest price seen here,
the buyers will only proceed to jump in at a possible lower level. Just a guess.
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Please, don't take my writings as Financial Advice. They are made for Educational purposes only.
It is strongly recommended for every individual to double check everything before making any serious investment in any endeavour.