Long
Sky Coin
Sky coin broke out of descending triangle. Triple bottom. Now moving within ascending channel, if it breaks out of it, long position can be taken. If it won't break resistance and start going down (RSI and channel resistance), then buy zone could be support of the channel.
I would personally ladder buys down if the coin will move down. Usually 10-25% parts.
If coin was going up, I would buy into strength accourding to the movement but usually in larger parts if significant confirmation is reached.
I would personally ladder buys down if the coin will move down. Usually 10-25% parts.
If coin was going up, I would buy into strength accourding to the movement but usually in larger parts if significant confirmation is reached.
Note
Looks like Sky is braking out of ascending channel as well as piercing through 200 EMI on a daily TF, let's see how daily candle closes (above or below channel and 200 resistance and we can add to the position or see a downwards move.
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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.