Long
LBRY long entry
Long entry spotted for LBCBTC
LBRY is building a decentralized library and raised 500k venture capital in september.
This has lead to a rally and ended in a corrective falling wedge structrue. Now there was the breakout on high volume.
This could be a nice entry for long term or midterm rebound trade.
I am in with a small position, keep in mind that it has low cap and wont be easy to sell if you hold a large position while it has low volume.
LBRY is building a decentralized library and raised 500k venture capital in september.
This has lead to a rally and ended in a corrective falling wedge structrue. Now there was the breakout on high volume.
This could be a nice entry for long term or midterm rebound trade.
I am in with a small position, keep in mind that it has low cap and wont be easy to sell if you hold a large position while it has low volume.
Note
It has gone lower first but i still think its bullish. We have a bullish divergence on the low. Would have been better to wait and buy here ofc, who could know.
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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.