TFUELUSD trade ideas
Theta Fuel/USD- Re-entry or more downside?Congrats to those that took a position yesterday looking for the bounce off support.
Personally I didn't find exact bottom but it's always difficult to get it spot on. - (*money's made in the middle*)
Still enjoyed 30% gains from entry price to suggested "protect profits msg" (Those that found exact bottom would have seen 40%)
Now tracing back towards support level.
Possible it will continue to trade sideways but a dip towards previous support (or below) also on the table.
Keep an eye on it for another possible entry setup.
Hope everyone finds some prosperous trades this weekend.
Bingaz.
P.s - (A reminder that these setup's are not financial advice.
Simply my own TA and thoughts.
Trade within your means and do your own analysis prior to taking a position)
THETA FUEL / USD- Looking for the bounce off previous resistanceTheta Fuel has obviously enjoyed massive gains, followed by a massive retrace.
Pick the timing on the Entry for a potentially profitable position.
Indicators look good for a turn around in the near future but caution advised as there's still probably plenty of traders that got wrecked and are looking for a less painful exit as it turns around.
MACD and RSI look ok and it's found it's feet against the 50 SMA.
*(Plenty of leg room for this to keep falling so use your own judgement and research here)
Bingaz.