Good morning friends, I hope you all are doing well.
Let's take a look at musicoin today.
This coin bottomed out in early december and has since bouned from the bottom.
Yesterday, we closed a candle above MA50. This makes today an important day: if it goes green, it will skyrocket. If it doesn't, it is okay too because we have bottomed out so we can long and wait for the breakout.
- Entry: 155-165 with (you can set a stoploss at around 146 and look to buy back in with a breakout confirmation at a higher price)
- Targets:
* 214 (resistance, don't sell)
a) 245
b) 290
c) 320
d) 445
Once you enter, stop staring at the chart. The work is done - we have done the analysis and entered the positions. The only thing left is to let the market play out. Go hang out with friends, hit the gym, read a novel, learn a new skill. If a red candlestick is giving you a headache, it is time to walk away. You will make dumb mistakes and grey hair will be on your head.
Wish you all a profitable day!