ZRXBTC possible entry
Updated
ZRX has been on a downtrend for a while, and we may get an opportunity to place some buying orders between the blue lines. There is a chance that it breaks both lines, so place your stop loss carefully.
The 11.2k actually coincides with a 78.6% fib level (start in Jan8), and the second blue line is the zone around 10k that can work as psychological support.
I will be looking for signs of it being oversold with the RSI, and also for an increase in volume and momentum. Probably wait for a narrower BB indicator and keep checking the 15m timeframe.
Could easily make more than 10%/20% in a couple of days. More than 50% if it goes back to ATH.
Good luck!
Feel free to check out my twitter account!
The 11.2k actually coincides with a 78.6% fib level (start in Jan8), and the second blue line is the zone around 10k that can work as psychological support.
I will be looking for signs of it being oversold with the RSI, and also for an increase in volume and momentum. Probably wait for a narrower BB indicator and keep checking the 15m timeframe.
Could easily make more than 10%/20% in a couple of days. More than 50% if it goes back to ATH.
Good luck!
Feel free to check out my twitter account!
Note
If you bought above the 12k, make sure you adjust your stop loss accordingly as it goes up. It may be a fake bull reversal, but you should be looking at an easy 10% return in a few hours.Note
I meant below the 11k. Keep an eye as it approaches 13k and 14k as they look like resistance levels (also psychological levels)Note
I hope you guys got this ride!Note
Bounced off the 14k but it may test it againNote
50% retracement, I'll try to get more at under 12k and hope for another 10/15%
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