It's been over a year since I touched CULT. But now it finally looks attractive again. What I like about it are:
#1 - Nice Cup and Handle Pattern which hasn't played out yet. Target will give us at least 25% profit.
#2 - While many alts have already experienced massive pumps, CULT has not yet.
#3 - Daily RSI is at a very reasonable level.
Get ready because I think that target is fairly conservative compared to what we have been seeing from other alt pumps. I will probably hold 100% to the target if I don't get stopped out first. I will trail that stop up to break even once we are 50% of the way to our target. I will take 75% of this trade off the table once the target is hit and let the rest ride until I get stopped out or feel like pulling it out.
Entry = $0.0000025
Target = 0.0000035
SL = 0.000002
RRR = 2 to 1
Not fin advice.
#1 - Nice Cup and Handle Pattern which hasn't played out yet. Target will give us at least 25% profit.
#2 - While many alts have already experienced massive pumps, CULT has not yet.
#3 - Daily RSI is at a very reasonable level.
Get ready because I think that target is fairly conservative compared to what we have been seeing from other alt pumps. I will probably hold 100% to the target if I don't get stopped out first. I will trail that stop up to break even once we are 50% of the way to our target. I will take 75% of this trade off the table once the target is hit and let the rest ride until I get stopped out or feel like pulling it out.
Entry = $0.0000025
Target = 0.0000035
SL = 0.000002
RRR = 2 to 1
Not fin advice.
Comment:
Cult has run into a bit of resistance here. I am taking almost half off of the table to capture those 22% gainz. As you already know, I have raised my stops so that we will only take profit on this trade regardless of where I sell.
Trade closed: target reached:
Closing this trade out completely. Target more than achieved. Congrats!
Stewdamus Trades -
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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