looking for a possible long position
alright, this beast is untamed, its falling huge recently but the active trend still bullish.
im suggesting a risky buy position at 38000-42000 zone, its risky as catching a falling knife but ill do it, you might not!
anyway the stop loss is a daily candle closing below the blue channel (consider next candle as pullback and retesting) and first target is previous high around 56k, i rather not determining other targets because i cant conceive the fundamental behind this cryptocurrency and other virtual coins. in my opinion any virtual coin without a defined governmental backup is doomed to be destroyed someday. their annihilating would be fast and crucial but it might take some more years. until then we gotta enjoy the ride.
im suggesting a risky buy position at 38000-42000 zone, its risky as catching a falling knife but ill do it, you might not!
anyway the stop loss is a daily candle closing below the blue channel (consider next candle as pullback and retesting) and first target is previous high around 56k, i rather not determining other targets because i cant conceive the fundamental behind this cryptocurrency and other virtual coins. in my opinion any virtual coin without a defined governmental backup is doomed to be destroyed someday. their annihilating would be fast and crucial but it might take some more years. until then we gotta enjoy the ride.
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