Long
Internet Of People - Buy opportunity for quick double up
Dear friends, hello again!
This idea is based on moving average and previous chart patterns.
As shown, this coin seems to pump big everytime it crosses MA50.
This is a good chance to get a quick double up (The first green box).
The first green box is also a resistance that we want to break. If we do, can set our eyes on the next target as represented by the second green box.
(The box merely represents price range on the Y-axis. It has no correlation with the time frame on the X-axis.)
- MACD crossed over in 6 hr chart, daily chart is about to catch up
- RSI gives plenty of room for growth
Entry all the way up to 4000 with stoploss around 3300.
Wish you all a wonderful day!
This idea is based on moving average and previous chart patterns.
As shown, this coin seems to pump big everytime it crosses MA50.
This is a good chance to get a quick double up (The first green box).
The first green box is also a resistance that we want to break. If we do, can set our eyes on the next target as represented by the second green box.
(The box merely represents price range on the Y-axis. It has no correlation with the time frame on the X-axis.)
- MACD crossed over in 6 hr chart, daily chart is about to catch up
- RSI gives plenty of room for growth
Entry all the way up to 4000 with stoploss around 3300.
Wish you all a wonderful day!
Trade closed manually
We did not close yesterday with a green candle. It is unlikely that we get a breakout.
I closed my positions before hitting the stop loss.
Will revisit this coin in the future.
Note
^Wrong image sorry, please refer to the following oneTrade active
Despite red candle, we are still above MA50 on daily.
MACD is crossing over, too.
We can reopen our position as the MA50 does not look like it's breaking.
If it MA50 does not hold, we sell at around 3300 and look for better opportunities.
Trade active
AND BOOMTrade active
If this information has been beneficial to you, and you would like to benefit my life, too: Please DO!A true symbiotic relationship like ants and aphids! Together, we as a community can make this work!
- BTC: 12L635hTz12ZcwBzdixwKyWYpkpUa5ve8p
- ETH: 0x05f171e02092ce9200779ace56ff1b1411e1ec26
- LTC: LTFr3Jp445vENZUZQopQPoqRgeSyGs36fe
As we all know, reward is the best stimulus for supreme motivation!
And if you do decide to contribute, please PM me so I can thank you for your generosity:)
Peace!
And I wish you all another profitable and great day!
Trade closed: target reached
:) BOOM
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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.
Related publications
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.