Maybe this has dropped too much allready with mainnet and other FA upcoming end of month but ill take a small position.
For months I have been out of alts and solely been trading BTC, this $MTL setup however seems to look pretty promising. We have seen this kind of volume in the past for $mtl .. Alt market = brutal, high risk, not advice, set sl. Etc..
Make sure to place some optimistic bets for this coin because the whales cant seem to control the pumps
Looks good for a blow-off from sellings pressure.
Stoploss fishing or straight to the pump or dump? Im neutral but im expecting something like the above scenario to play out and will place some bets.
"This rally will fail like the others"
Candle close of this 4hour needs to be above 252 atleast to keep momentum, preferably 260. BTC does not seem to impact Alts much at the moment but keep a lookout as we might 'break the ice' and leave the uptrend, we need to see sideways actions
Ascending triangle, feared a double top for a second. Need a break out as always, stop loss is very hard to place with deep wicks. High risk..
This play relies on BTC going to the top of its falling wedge around 5k which seems possible with the current trend. Entry: around 680 T1: 760 T2: 840 T3 1000
This does not look good short term if daily closes below.
This seems obvious to me that the 6k area will get an retest, i am in BTC and have sells ready for a rejection direct at 6k and some for a small false break. We will fall back to around 4,6K and start an ascending triangle. Alts will probably rise only after start of June.
Let me start of with saying chances are very small and likely unrealistic in current market conditions. I see a small possibility for a parabolic run if this channel is not broken. (else we have the current channel as well) It reminds me of $ZIL a couple of months back in midst of the bear. TRX is a crazy coin. Be careful that this is a high risk trade, BTC down =...