Possible good entry on LSK
Updated
With the re-branding of Lisk coming up I think it is a good time to enter lisk on a fundamental AND TA side.
A re-branding usually results in a price rise with cryptocurrencies and I think this is no different with Lisk.
It's at the bottom of the pennant right now and it is bouncing on support from previous low.
Entry: anything below 0.00150 is good in my opinion.
Stop-loss: Around 0.00141. Set a tight stop-loss so you don't risk losing too much. A little below previous low is good.
Sell: Wait until it gets to the top of the pennant. Take a bit of profit there, and wait if the price is able to break the top of the triangle. If it doesn't sell it all.
Good luck!
A re-branding usually results in a price rise with cryptocurrencies and I think this is no different with Lisk.
It's at the bottom of the pennant right now and it is bouncing on support from previous low.
Entry: anything below 0.00150 is good in my opinion.
Stop-loss: Around 0.00141. Set a tight stop-loss so you don't risk losing too much. A little below previous low is good.
Sell: Wait until it gets to the top of the pennant. Take a bit of profit there, and wait if the price is able to break the top of the triangle. If it doesn't sell it all.
Good luck!
Trade closed: stop reached
Unfortunately LSK broke downwards.That's why I had a tight stop-loss on this one:)
Keep a close eye on Lisk, because I still believe the re-branding will make the price go up.
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