Long
$CHAT: Medium-risk, high-reward opportunity
Updated
1. BINANCE:CHATBTC just made the breakout to the 55-EMA on the 4 hour chart and is supporting quite well
2. It is now getting a higher high, higher low, therefore uptrend.
3. RSI is having higher highs and higher lows as well.
4. BINANCE:CHATBTC is in the lowest has its been
How to play:
You can certainly buy @ 55 ema bounce if it happened again. Set stop loss @ 1030 sats
Sell at the 200 EMA, however, leave some of your holding. It may go higher than that. If it didn't sell the rest
Note:
CHAT has absolutely horrifying fundamentals, scammy even. proceed with caution, this weak fundamentals is the reason I gave it a medium risk rating
2. It is now getting a higher high, higher low, therefore uptrend.
3. RSI is having higher highs and higher lows as well.
4. BINANCE:CHATBTC is in the lowest has its been
How to play:
You can certainly buy @ 55 ema bounce if it happened again. Set stop loss @ 1030 sats
Sell at the 200 EMA, however, leave some of your holding. It may go higher than that. If it didn't sell the rest
Note:
CHAT has absolutely horrifying fundamentals, scammy even. proceed with caution, this weak fundamentals is the reason I gave it a medium risk ratingNote
It increased more than 10% after posting this.I actually don't know what is pushing the price at these levels. it even busted through on the channel. This coin is a scam at best, just look at their website and go to the team part of the page and you will know. However, profits are profits.
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