AION volume shows some early signs of strength LONGTERM 2x - 4x
Volume at this price range (600-700) is gradually picking up, early signs of bottom forming are:
- Volume at this price range (600 - 700) accumulating enough, demand is enough to absorb all supply
- Volatility in all time frame is at all time low, last time we saw this was 14/Mar when the price explode 1 - 5 days later
- The whole altcoins market is savagely suppressed by btc price.
Remember these are really early signs when forming bottom, we might need some other factors to confirm (daily price is above EMA 100 imo), but if you're into some risky position I recommend you enter the trade from here down to 550:
Recommend longterm strategy:
Entry:
35% at this market price (around 660)
30% at 620
20% at 560
20% at 460
Cutloss: No cutloss, sorry this is longterm trade and you buy altcoin, if you not willing to lose it all, you're gonna get shaken out easily. Before the price explode, there is no TA could detect how low it could go, after researching many many altcoins chart, I believe the lower it could go, the higher it would get. Setting stoploss for longterm trade is not a good idea imo.
Take profit
1st target: 1050 (might take some swing trade here as you could cover it with 10% - 20% lower price): 20% of your position
2nd target: 1342 : 20% your position
3rd target: 2340 : 40% your position
4nd target: 4000: 10% your position, let the last 10% position running in case the whole market explode.
Remember: Dont get your position oversized as it would harm your decision.
- Volume at this price range (600 - 700) accumulating enough, demand is enough to absorb all supply
- Volatility in all time frame is at all time low, last time we saw this was 14/Mar when the price explode 1 - 5 days later
- The whole altcoins market is savagely suppressed by btc price.
Remember these are really early signs when forming bottom, we might need some other factors to confirm (daily price is above EMA 100 imo), but if you're into some risky position I recommend you enter the trade from here down to 550:
Recommend longterm strategy:
Entry:
35% at this market price (around 660)
30% at 620
20% at 560
20% at 460
Cutloss: No cutloss, sorry this is longterm trade and you buy altcoin, if you not willing to lose it all, you're gonna get shaken out easily. Before the price explode, there is no TA could detect how low it could go, after researching many many altcoins chart, I believe the lower it could go, the higher it would get. Setting stoploss for longterm trade is not a good idea imo.
Take profit
1st target: 1050 (might take some swing trade here as you could cover it with 10% - 20% lower price): 20% of your position
2nd target: 1342 : 20% your position
3rd target: 2340 : 40% your position
4nd target: 4000: 10% your position, let the last 10% position running in case the whole market explode.
Remember: Dont get your position oversized as it would harm your decision.