POA New Coin Review.
Updated
It's hard to review new coins but we do have some tools to help us.
So far you can see the coin came in and dropped over 70%.
The coin then recovered slightly before heading into a
downward trend channel.
Buy Signals
1) The downward trend channel to break upwards.
2) The Stoch Indicator to cross any of the horizontial lines in an upward direction.
3) The Candle to pass the previous HL (Higher Low Candle)
As always these are my ideas, do not copy other peoples trade, review the coins yourself before making any trades.
So far you can see the coin came in and dropped over 70%.
The coin then recovered slightly before heading into a
downward trend channel.
Buy Signals
1) The downward trend channel to break upwards.
2) The Stoch Indicator to cross any of the horizontial lines in an upward direction.
3) The Candle to pass the previous HL (Higher Low Candle)
As always these are my ideas, do not copy other peoples trade, review the coins yourself before making any trades.
Note
Downward Channel Trend line broke
and Stoch has crossed over.
I could enter now with a very short 2 to 3% stop loss
or wait for HH to break.
Note
dropped down to look at 15 minute chart.
Volume is low, candles are tiny, so I'll wait to see if previous HH breaks.
Note
Back to hourly chart, I've drawn in support and resistance lines.If I get in now id be risking about 3% to gain 8%.
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