POLONIEX:BCNUSD   Bytecoin / US Dollar (calculated by TradingView)
Day's Range: 0.010728 - 0.015675
The pair has rebounded low to $0.010728 after a recent move to an all time high at $0.01884 from two days ago.What could be the driver for the recent spike to that high? However this is a good investment , the right time to buy the pair especially as the market price is now retreating from its high finding support lines before resumption of the upward trend.
It is good to buy the dip now,just around the SMA200 on the 1hour chart at $0.0107 and hodl because if the price can successfully break the previous high point we see a new resistance forming and the high at $0.01884 might just become support in the coming weeks.
Note if the price can break the current support significantly(now at $0.0107) we see the pair going down to the next support at $0.0076 before rebounding so since i want to go long upward i advice you set your stop loss away from that point maybe at the next support line at $0.0045.
Jan 10
Comment: The price has hit the support line $0.107 and is rebounding at the moment,make sure your take profit is in place and reduce the stop loss as it goes up


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