Short Term Play 2 - PERLUSD
Updated
Dear traders,
Intro: My name is Hugo, I am 24 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
Welcome to my new Short Term Play series.
This coin has experienced some pretty predictable price action is the past.
As you can see on the chart, Perlin has just broke and retested previous resistance on low timeframe.
In addition, you see a resistance line on high timeframe, which indicates a clear target to take some profits off the table.
I easily see this coin break ATH in the future, but for the short term I am personally taking profits here.
Let's see if this one takes off just like Tezos did :).
Target is in the chart.
Goodluck,
Doctor Hugo
Intro: My name is Hugo, I am 24 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
Welcome to my new Short Term Play series.
This coin has experienced some pretty predictable price action is the past.
As you can see on the chart, Perlin has just broke and retested previous resistance on low timeframe.
In addition, you see a resistance line on high timeframe, which indicates a clear target to take some profits off the table.
I easily see this coin break ATH in the future, but for the short term I am personally taking profits here.
Let's see if this one takes off just like Tezos did :).
Target is in the chart.
Goodluck,
Doctor Hugo
Trade active
Perlin is currently hovering over the retest zone. Expecting it to gain traction soon.Note
Note
As you can see, the retest area holds strong. Definitely not selling this one until I see a break to the downside (of the retest area).Note
Sent itTrade closed: target reached
GG
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.