ReddCoin - A long term-position you don't want to miss out onGuys, we are seeing a lot of coins gaining over 1,000% in just the span of one month. I think this is the next one. Our previous high on this coin was about 140 sat. And It is time that we surely pass that up. If you know my analysis, I purely hate doing them in satoshi only because Bitcoin itself is so damn volatile, it usually doesn't work out that well. However, I think we can use it for some fine targets now, as the dollar value of this coin will be on a heavy uptrend.
I have these targets set only as guidelines, but I expect this coin to crush through them. Heck, I can't even fit the 2nd target onto the screen. But this is a coin where I am building a very long-term position into and will only add into it as progress continues. We are looking at over a 300% return in the short-term.
Entry: 39-49 Sat
Stop Loss: 10 (or no-stop loss)
Target 1: 118 Sat
Target 2: 168 Sat
RR: 4.45
Chance to gain: 330%
Chance to Lose: 74%
As you see, the "chance to lose" is very high. This is one of those trades where it is a "buy it and forget about it." And I will add if it goes as planned. Always remember though, that because this is Bitcoin denominated, our dollar value may rise and we could still lose out on satoshi. This coin has also performed well during Bitcoin's correctional periods, keep that in mind.
