Key notes:
- Golden cross on a 45 min. chart
- Positive developer news/updates on the 14th of February which fueled this price action
- Currently consolidating around prior resistance turned support
- Huge buy wall forming on Binance
- Oversold on Stoch RSI even on a 45 min. chart
I would look to lock some profit at the next major resistance, which is right around 100% profit mark, and then leave a small runner.
Stop loss at 20% for a nice 1:5 risk to reward ratio.
Best of luck!
Disclaimer:
I am not a financial advisor - for educational purposes only.
- Golden cross on a 45 min. chart
- Positive developer news/updates on the 14th of February which fueled this price action
- Currently consolidating around prior resistance turned support
- Huge buy wall forming on Binance
- Oversold on Stoch RSI even on a 45 min. chart
I would look to lock some profit at the next major resistance, which is right around 100% profit mark, and then leave a small runner.
Stop loss at 20% for a nice 1:5 risk to reward ratio.
Best of luck!
Disclaimer:
I am not a financial advisor - for educational purposes only.