A bit late to the party, I believe BINANCE:ANTUSDT is primed for a bounce up.
ANT has lost almost 11.5% in just 6 hours, a drop sure amplified by BTC activity.
First Target = 6.510 ( 0.236 Fibonacci Retracement level)
Trailing-stop all the way to the target
When in trade I keep to a strict Risk Management plan and keep an eye on BTC. And proactively use trailing-stop, to lock in profits.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
ANT has lost almost 11.5% in just 6 hours, a drop sure amplified by BTC activity.
First Target = 6.510 ( 0.236 Fibonacci Retracement level)
Trailing-stop all the way to the target
When in trade I keep to a strict Risk Management plan and keep an eye on BTC. And proactively use trailing-stop, to lock in profits.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
Comment:
Second Long Target reached. Moving to greener pastures
Technically there's still some Go left in ANT, so I'll set a second Target a little further up, proactively adjusting Trailing-stop
Second Long Target = 7.085
7.085 is an approximate top of the Resistance Channel observed on the Daily timeframe chart.