This cup and handle is the handle of a larger cup and handle (zoom out). I'm unsure how good of a stop loss this is technically. Target is approximate distance from bottom of cup to top right of cup added to 150 satoshi price, which happens to be the axis of a volatility funnel similar to a Hunt Volatility Funnel on the 1h timeframe. Beware: low liquidity shitcoin.
There is potential here for a good risk to reward trade. Things to bear in mind: Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks. Some of these alts have really low volume so be careful buying as big orders will go right through the order book Good luck everyone! Mark
Burst is below the average price of an altcoin. The market has tapped a support level. When Bitcoin drops in value temporarily all the altcoins will shoot up hard again. Right now is the time to load up on altcoins. Buy & hold (for months) and watch yourself get 5x profit or more. The idea is to load up on alts right when BTC hits resistance.