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SKY

NEBL/BTC Warming up for the skyWe're currently into a daily resistance block, and since we still haven't bounced hard off it and are proceeding to make higher lows, on lower timeframe, we can assume that the buyers are trying to push it through that resistance eventually. Target is based on the weekly + daily resistance blocks. Two possible strategies for the target of around 5627 to 6400 area. - Aggressive: Buy now, stop below previous low (3821) - Tactical: Buy on the retrace once it breaks above the daily green block with a stop below it, or based on the lower timeframe that develops in the meantime. If it starts repeating the same scenario like now when it gets there, there might be even larger targets in play . But we'll get there in time.
NLong
by UnknownUnicorn3664665
#SKYBTC looking like it's in accumulation mode in an attempt at bottoming around these levels. First price target around 800 Sats would be a good profit level, but 1100s could be possible for a swing on continued strength. For a longer-term horizon I would like to see SKY get above 800s and show signs of support at that level - recall the fall from 3000s to 1000s happened very quickly and likely caused a lot of emotional upset for traders/investors during that period: However, could also mean that getting to 3000s from 1000s may also be quick if SKY fundamentals continue developing in a positive way. R/R at current level isn't ideal BUT general pattern and setup indicate a high probability of at least a test close to 800s before any further support test/breakdown around 450s.
SLong
by JustChartThings
My $1k to $100k Challenge - Day 33 Trade #43 - SKYHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. After 26 days and 39 completed trades: Wins: 16 Loss: 23 Balance: 0.1517 B USD: $ 989 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 33 trade #43 I invested 0.0622 B into SKY. I bought 142.988 @ 435 satoshi My Sell targets are: T1: 457 5% T2: 479 10% T3: 501 15% I will sell 33% at each target. After a target is hit, that will become my new SL. SL: 402 In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
SLong
by redking75
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