Long

FLDCBTC - safe entry for retest

Updated

I expect FLDCBTC to retest 1000 sat. in the near future. This is a good entry at upwards support, after a significant pullback. Expect multiple tests at 1000 sat. and use this as an exit if you choose. (sit in front at 995). When 1000 sat. breaks, expect very significant gains.
POLONIEX:FLDCBTC

Note

I didn't see it before, but this could also be the beginning of a 5th leg on an Elliot wave. If so, should break through 1000 sat. With minimum effort. Anyhow, it's supportive of long theory.

Note

Looks like we broke up as expected, with decent volume. Nice.

Note

Will be taking a W on this trade. Nailed the entry, and have been up as much as 30% at one point. I fully expect to test 1000, and any further entry below 800 appears solid.

Trade active

Hope you were all patient with this one!! Happens fast with the micro caps.

Note

A closeup of that market cycle. Nice retrace and showing continued strength. Low cap, keep an eye on it. May have more left in the tank.

MarkCanna

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.