Well, the altcoin is new to the market and, for now, it has experienced a nice correction. So, it would be a good idea to consider buying it around 0.786 on the Fibonacci retracement level (the price is approximately 6.2) or at the first support level, which is around 6.6. Additionally, there is moving average on the 1-hour and 4-hour charts. While this may not hold significant weight by itself, it does provide an additional argument in favor of buying at those levels.
Trade active:
The first try 6.6, let's go
Comment:
fixed some at 12% of profit, nice
Trade active:
Double bottom. One more Long from 6.6 :)
Comment:
1-hour candles indicate that buyers are still weak. The main resistance is at 8.0
Trade active:
3rd bottom? One more long
Comment:
Be cautious; the buyer is still weak until we break the local resistance at 7.2, which requires an impulse. It could potentially drop from 6.6 to 6.2, and if there aren't enough limits to support it, we may see the price go even lower.
Comment:
You must have already 10% of profit, if not, what are you doing here ;)
Comment:
I'm glad I've fixed this at 10%. Another breakdown, as I wrote earlier ;P
Comment:
If buyers can't hold the 6.2, then a drop to $5 is possible, as this currently the nearest strong support.