AION/BTC has been trading within a range between 580 sat's and 750 sat's as of late. So far, it would appear buying AION/BTC when it is under 600 sat's, and selling when it is above 710 sat's could be a solid trading strategy. AION/BTC bottomed around 550 during mid-August, and has been quickly bought up around the 580 mark as of late, as we can see by the double bottom bounce on the 12th of September and on the 12th of October, respectively. I'd be pretty confident buying AION/BTC when it is under 600 sat's, as for it's a solid project and a great long-term hold already in my opinion, but it can also be a good short/mid term trade as we've seen here previously. Overall risk/reward is pretty good on this one. As always, keep an eye on Bitcoin and it's movements as well, since it can have a major influence on alt-coin movements.
Entry: 580-600
Target 1: 680
Target 2: 710
Target 3: 750
SL (Tight): 550
SL (Loose): 525
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Entry: 580-600
Target 1: 680
Target 2: 710
Target 3: 750
SL (Tight): 550
SL (Loose): 525
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.