The nearest future of REEF
Reef price heva retested the 200 EMA yesterday, but decreasing volume isn't a good sign. According to the current situation with Alameda, reef seems like a very risky trade. The price can still grow, but a lot of people went out from this currency and probably won't come back - surely not in the nearest future. We also don't know how this drama will end. BUT it's still a very ambitious and good project, which can achieve a lot. Reef team has planned a few significant events for the march, which can cause upside price moves. If you want to buy it, you can look for an entry after breaking the current resistance level. Just don't forget about stop loss - we can experience further price dumps when more bad news will be released. If you want to go long term, you can place it below the trendline. For short term, just wait for breakout and place SL below the resistance.
(Not a financial advice)
(Not a financial advice)
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.