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StayHungryStayFull
Aug 5, 2020 11:20 AM

DOCK/BITCOIN - A strong mid term hold. 50% target.  Long

DOCK / BitcoinBinance

Description

I found a DOCK/BITCOIN setup that I'm willing to wait for.

Trading the weekly chart shows my patience for this 50% gain. But time constraints got me.. Do look at smaller time frames for your TF..

I see there are two ways to take an entry.

(Depending on IF there is a price shock on the market)

#1. Gaining an entry on the trend after PA has been rejected from resistance. I could hold this trade back to resistance (minimum 30% profit) or hold until supply which is 80% trade.

#2. Picking up an order on support once price has busted through resistance and has a little sell off. Always wait for confirmation on breakout trades.

NOTES:
DOCK has already moved 50% in 9 days... however, I still see more upside on smaller time frame indicators.
Check for any upcoming events on Coin Market Calendar.
Always DYOR.
Safe safe.
Have fun.
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