Don't Marry it!
Updated
What a coin market cap of $36 million dollars with a prior market cap of over $120 million dollars back when this coin provided people with a ROI of over 600% mid last year not far from the stages of this year, we then see the coin hit the same low its back to now before it yet again late last year shot up another 400% and market cap of 240 million dollars with a daily trade volume on in excess of $14 million dollars.
We now see low volume coin with a daily trade volume of only 600K BUT its hit its low and at this low we seen aggressive buyers enter the market.
I want people to look at the chart below each time it hits the low how many buyers are waiting there to catch it, buyers (us) is what creates support for a coin we decide that a coins value should go below a set price, so we have decided that this is the bottom of the coin based off the buyers.
See circled in red below.
You will see on the chart the RSI is running up higher then normal and sitting on around 45, this is because SNGLS is accumulating funds. Whilst we are in this process it can take days or weeks of accumulation before we actually see this coin break out.
For me I am buying this coin now with funds I don't need for my daily trading activities funds I can leave sit there knowingly that this might break out today, tomorrow, next week or next month. I am comfortable with my buy rate due to knowing there is a bunch of buyers just sitting below me for support.
We have seen the daily buying increase so there are many more people thinking like me, if it continues to increase we will get a nice break an if this coin does anything like it did last year around mid year it could equate to a 600% return on my purchase and this result could be in as little as a month based off its past history.
If you want a conservative entry into this coin and rather then buy and sit and wait for it to break you wouldn't bother entering until we broke out of the current channel as seen on the chart. Momentum and accumulation indicators currently tell us we will break high its just a matter of time.
In this current market we all have loads of time and its a good time to secure coins at lows, there are many out there and this is only 1. Buy it, forget about it until it break out then collect some ridiculous profits this is what I plan.
In a bullish market and when crypto has cash come flowing back in you won't find opportunities like this so feel free to make the most of what the market currently has to offer. Get good buys, don't expect a return on day 1 but do expect a good return, and understand with the momentum running high as it is this coin pay pay dividends sooner then we think.
Buy low sell high! Don't marry it trade it!
Cash Is King!
We now see low volume coin with a daily trade volume of only 600K BUT its hit its low and at this low we seen aggressive buyers enter the market.
I want people to look at the chart below each time it hits the low how many buyers are waiting there to catch it, buyers (us) is what creates support for a coin we decide that a coins value should go below a set price, so we have decided that this is the bottom of the coin based off the buyers.
See circled in red below.
You will see on the chart the RSI is running up higher then normal and sitting on around 45, this is because SNGLS is accumulating funds. Whilst we are in this process it can take days or weeks of accumulation before we actually see this coin break out.
For me I am buying this coin now with funds I don't need for my daily trading activities funds I can leave sit there knowingly that this might break out today, tomorrow, next week or next month. I am comfortable with my buy rate due to knowing there is a bunch of buyers just sitting below me for support.
We have seen the daily buying increase so there are many more people thinking like me, if it continues to increase we will get a nice break an if this coin does anything like it did last year around mid year it could equate to a 600% return on my purchase and this result could be in as little as a month based off its past history.
If you want a conservative entry into this coin and rather then buy and sit and wait for it to break you wouldn't bother entering until we broke out of the current channel as seen on the chart. Momentum and accumulation indicators currently tell us we will break high its just a matter of time.
In this current market we all have loads of time and its a good time to secure coins at lows, there are many out there and this is only 1. Buy it, forget about it until it break out then collect some ridiculous profits this is what I plan.
In a bullish market and when crypto has cash come flowing back in you won't find opportunities like this so feel free to make the most of what the market currently has to offer. Get good buys, don't expect a return on day 1 but do expect a good return, and understand with the momentum running high as it is this coin pay pay dividends sooner then we think.
Buy low sell high! Don't marry it trade it!
Cash Is King!
Note
Wow! all targets reached I should go offline more often.Trade remains open as long we can make much more then what we have
Note
SNGLS looks good for another run anyone that stayed in this coin understands this trade was released at the coins bottom and is good for a hold.If your looking for a coin to put in your portfolio it would be worth grabbing a bag.
Note
This trade has hit all targets for the second time and still looks strong.Remember bank your profits.
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