This is AE-BTC, showing increasing volume, Ive plotted out previous supports that will now act as a resistance.
Buy = 1150 - 1180
Sell Zone 1 = 1265 - 1280
Sell Zone 2 = 1345 - 1381
Stop loss = 4-5% 1127 - 1100
I do often set a 10% stop loss for these trades as they can be pretty volatile. Although with the 200 day (red line) acting as a good resistance, just...
Lets see how this rolls out, XMR looks promising for a quick skim around here - I predict it will bounce off the 200MA but if it breaks through it could be even better.
RSI signaling oversold on daily and hourly - while showing bullish flags.
Looking at the current trend in price we noticed a double dip last night with very strong indicators through MACD, MFI, RSI as an ideal buying opportunity. ZEC had a short recovery while resuming the dip.
I entered at various points with buying opportunities - with another due today if it dips further.
Overall i feel like this is a great opportunity for short...
