The 200 EMA is a strong support line at the moment.
The risk / reward here is good for a LONG.
Put your stoploss (10% loss from your entry) under the 200 EMA.
If it breaks below 200 ema and stays then its time to get out. But This could be a good bounce upwards from here. Especially with the updates coming in September and over the coming months from IOHK (Input Output Global)
The risk / reward here is good for a LONG.
Put your stoploss (10% loss from your entry) under the 200 EMA.
If it breaks below 200 ema and stays then its time to get out. But This could be a good bounce upwards from here. Especially with the updates coming in September and over the coming months from IOHK (Input Output Global)
Comment:
Bear in mind, we could see some sideways action for the next few days/weeks.