The trade is a very simple one. The CCI is indicating a buy signal on the one day chart. The bulls spiked the price yesterday and we are now in consolidation mode until the bulls are ready for their next attack.
Entry: B.00000425
Target 1: B.00000500 (+17%)
Target 2: B.00000600 (+40%)
Target 3: B.00000800 (+85%)
Target 4: Open (Will update trade idea when target 3 is breached)
Recommended Stop-loss: A daily close below the previous swing low.
Entry: B.00000425
Target 1: B.00000500 (+17%)
Target 2: B.00000600 (+40%)
Target 3: B.00000800 (+85%)
Target 4: Open (Will update trade idea when target 3 is breached)
Recommended Stop-loss: A daily close below the previous swing low.
Note
Stop-loss was hit on SYS. Bitcoins current volatility is making it very difficult to anticipate altcoin direction.
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.
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.