Looking at the coin NAV, in the past few days it has been looking for new highs over and over.
Right now, it seems that it wants to climb again.
I am going for a SHORT since I don't have any history on this coin.
Buy in range: 0.000135 - 0.000165
Stop loss: 0.000105
When we close above 0.000169, main resistance has been broken.
After that, we look for the following targets.
Target:
(1) 0.000224
(2) 0.000272
(3) 0.000384
Quick analysis:
- MACD & RSI and all the usual suspects, momentum indicators, are showing very bullish signals and room for growth.
- Plenty of room for growth based on the 24h total volume.
- Initial breakout confirmed, after breaking 0.000124.
- Good overall chart structure.
- Good candle stick formations.
- Other points of value will be posted in the next update. For sure.
THIS IS A RISKY TRADE.
Use only a small portion of your capital for this trade.
Trade safely, secure profit, enjoy your earnings.
Thanks for your support.
See you at the charts.