Safe Entrances if we DIP
Hello everybody! We've had some "reddish" days lately, hope you all are fine and still looking for a possibility to enter the market... so closer to the subject.
As you might see by the chart I followed this coin for a while and managed to make some good trades... NOW when the market is RED we are looking for some SAFE good spots to enter...
At the moment we are struggling at the Volume support zone at 0.2694 if we can hold we can go up to .3370 where we meet first volume resistance (at the moment this scenario is 50/50)
LONG scenario can be played only if Bitcoin starts to grow SLOWLY this will give hope and signs to all investors and traders that now is time to buy...
The other 2 scenarios are when Bitcoin falls to 63.300 or even 59.000 (but important thing is will it be Slowly "bleeding" or a fast drop)
- Fast drop (and I mean 1 crazy candle hitting all stop losses and liquidation's) is better because in this scenario our POPCAT will most likely finds support at .2283 and will make a bounce (better for a quick trade maybe not the best scenario with the entrance for long time investment)
- Slow "bleeding" scenario will most likely push the coin to 0.1592 where it will find first decent volume support (note: Bitcoin at the same time should be at the levels 63.300 or 59.000 - both will work same for us)
To finalise it - We hope for the best scenarios but Alwayswe keep in mind and try to predict worst scenarios - that is the way to succeed.
Stay safe everyone, GREEN is about to come.
Not financial advise, make your own research.
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