tonysix00

Two potential outcomes for TRXBTC

BINANCE:XVGBTC   Verge / Bitcoin
147 views
2
147 2
A. Falls bellow support.

B. Break out.

RSI is also neutral.

Plain and simple.

First Time publishing Idea, just trying to get a feel for the process.
Kommentar: Looks like it was able to break out. No it has to remain above the yellow dotted trend line.
Kommentar: *Now
Kommentar: Now, I can't speak for everyone's risk tolerance, only you can do that. No way of knowing whether some of you are taking profits, or waiting for larger movement.

Risky Long: A trader who wants to just buy in could look for an entry now since the 1-hour chart is showing a bull pennant forming. Gets you in the trade with "some" bullish sign.

Moderately Risky Long: Wait for the price to come back down and test the trend line, if it doesn't fall through, place an entry once you get a confirmation candle that it will reverse up. With a stop below the yellow trend line.

Conservative Long: Take profits now, and wait for a price dip below the yellow trend line around .00000900 ... with a stop around .00000750 This will lower your cost basis set you up to take some more profits on its return up.
Kommentar: Touched the yellow trend line, let's see if it can hold. Now would be the time to watch for a reversal, if one is spotted, then now may be the time to place an entry order.
Broke below trend line. this Idea is done.
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JUST REALIZED I PLACED THE WROnG COIN IN THE IDEA TITLE...

THIS SHOULD BE...

XVG/BTC
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