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LOCGame/Tether

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LOCGUSDT trade ideas

LOCG/USDT possible parabolic reversalFalling wedge, heavily oversold (RSI well under 20), expe ting to see a nice reversal before it touching a SL set at 0.41, targets on the chart. Since the token is traded on Kucoin (6mil active bots jumping on volume 24/7) if MACD reverses here, there is a fair chance of serious pump will occur as long as volume increases. Tip: I wouldnt enter this trade without setting some targets because this pumps are very quick and those long wicks can make you miss out on taking some serious profits.
LLong
by DowlaInGreen
1
Keep it Simple Take a moment and look at the price chart. Without a doubt you could tell there is potential trade opportunity. My preferred method of analysing the market remain the wave principle. But even from technical perspective one could tell the trend is up as the market tend to make impulsive moves to the upside and correct towards the trendline then reverses up. The question is how do we formulate a trade plan from this? Am sure we have the same taught... You could either buy right a way with a stop kept just at 0.22018 or if you are a more conservative trader you might want to see the extreme of 0.34150 gives way before taking a position. Whatever your method is to trading remember to manage risk...
LLong
by maonimisi