Long
REP on radar
Updated
This one is simple speculation:
1/ Bottom pattern forming following massive capitulation - those who wanted to sell probably did
2/ Higher dipping pattern
3/ Building momentum
4/ Scarce asset, full float in circulation (11 MM)
5/ Remaining hype for functional product launch
6/ Trading above Ichimoku cloud on 4-hr
Buy signal: 4-hr close above 0.0045 BTC/REP or dip to 0.002-0.0025 floor
Target: 0.007-0.01
1/ Bottom pattern forming following massive capitulation - those who wanted to sell probably did
2/ Higher dipping pattern
3/ Building momentum
4/ Scarce asset, full float in circulation (11 MM)
5/ Remaining hype for functional product launch
6/ Trading above Ichimoku cloud on 4-hr
Buy signal: 4-hr close above 0.0045 BTC/REP or dip to 0.002-0.0025 floor
Target: 0.007-0.01
Note
A buy signal has been emitted from the chart. It seems worth the risk to see if this thing can make a move to the target zone. Depending on your threshold for pain should the trade reverse direction, the following stops are recommended to exit long positions:1. ~ 0.003999
2. ~ 0.003499
3. ~ 0.002699
Note
We moved up a little, now let's trail our stops. Pick your pain point1. ~ 0.004999
2. ~ 0.004499
3. ~ 0.003999
Trade closed: target reached
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