Long
Reef Going Long
Reef is in a Bullish triangle at the moment , although BTC has some influence on its price , it seems to be looking to break out soon.
Aggressive buyers could be looking for entries between 0.0375 - 0.038 with multiple possible profit zones on the way with the different level of resistance that are there.
For buyers who would prefer buying on the breakout , once it passes the 0.06 range you could enter long looking to get up to 0.075 or 0.09 with a stop loss at the new support that will be 0.055.
Reef has ALOT of events coming up in June (coinmarketcal.com) so you could expect quite a significant move in the upcoming month.
Remember to always use stop losses !!
And if you aren't sure to take a trade always remember : MISSED MONEY IS BETTER THAN LOST MONEY !!
Aggressive buyers could be looking for entries between 0.0375 - 0.038 with multiple possible profit zones on the way with the different level of resistance that are there.
For buyers who would prefer buying on the breakout , once it passes the 0.06 range you could enter long looking to get up to 0.075 or 0.09 with a stop loss at the new support that will be 0.055.
Reef has ALOT of events coming up in June (coinmarketcal.com) so you could expect quite a significant move in the upcoming month.
Remember to always use stop losses !!
And if you aren't sure to take a trade always remember : MISSED MONEY IS BETTER THAN LOST MONEY !!
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