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$POA BTC - easy money - 50% gain 1:5 risk/rewardGuys, While I’m longterm bullish on POA, this correction seems like it’s not done yet: 1) We are only .382 the amount of bars it took for the impulse wave that precedes it. 2) I am unable to identify the waves in the daily chart, making this seem like a single impulse wave that’s part of a larger corrective wave. With that said, we do have a short bullish corrective wave within this correction to cash in on so let’s gamble a bit here while BTC is showing strength. You can FOMO market buy or set your order as follows: Spread your entries: 0.00004900 down to .00004700 Stop: 0.0004325 Target: spread your TP from 0.00006800 to 0.00007200 After you exit at 7200, we may continue the trend up but there is a chance that we’ll come back down to the 4000 range so tread carefully if you decide to hold. This will all depends on the impulsive wave that takes us to 7200 of course so I’ll be updating this post as we go. Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
PLong
by Kinashi_San
1
POABTCNot much technical analysis going on here. POA is a solid coin with good fundamentals, it's been accumulating and mooning over the last few weeks and seems like its following possible fractals. Sitting at 7600 sats currently and extremely short-term could go up to 8.2k where it has solid resistance before dipping and possibly going up if the fractal is still in play possibly back towards 10k sats but this depends significantly on its performance over the next 24hours. Just wanted to share, please don't take as financial advise because I literally know nothing but just seemed cool <3
PLong
by AqibMoeen
1
Recharge before next breakoutNotice how in each of these channels, the bottom line breaks after the third touch (or shortly after). The same should probably happen again here. I think could be potentially explosive as its hung out in this accumulation zone between 6.2 and 7.5 for several weeks now. I think this could potentially ride up to about 7.9k-8 in this channel before coming back down to one of the blue boxes. POA is on the verge of a big break, but it needs a little more time to accumulate. Above 9.5 is really uncharted waters, but theres a decent amount of hype surrounding this project and its new dimension to blockchain. This project should present great upside in the immediate future. If youre looking for a flip and scalp, I have targets listed. Otherwise, id say its a good buy now. Current market cap is $150M so a lot of room for growth. POA main net launches 5/10, so expect a pump over the next several days. Honestly wouldnt be surprised if this 2 or 3xs before then. I dont wanna shill, but alt season + new project + new type of blockchain tech (poa)= massive upside SL - 5.5 P1 - 7 P2 - 6.3 Note: I filled my bags earlier last week, but I like where this is headed.
PLong
by CPA4PAY
2