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tonysix00
7. Jan. 2018 03:20

Two potential outcomes for TRXBTC 

Beschreibung

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.

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Looks like it was able to break out. No it has to remain above the yellow dotted trend line.

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*Now

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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.
Kommentare
tonysix00
Broke below trend line. this Idea is done.
tonysix00
JUST REALIZED I PLACED THE WROnG COIN IN THE IDEA TITLE...

THIS SHOULD BE...

XVG/BTC
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