@Vermillionz, seems to be holding at the 50. Last 3 (4hr) candles have closed green which is a good sign. If I enter it will be for a short term trade only.
Vermillionz
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@Judd2211, anticipated entry point? any short term targets you could share?
Something I was playing around with:
Judd2211
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@Vermillionz, your chart looks good to me mate. Few different points but I like how your looking at it.
For me to enter I want to see some more buying activity at the 50, if I don’t see that I feel it could break down further-entry 16500(depending what btc & eth do also). So potentially enter if it doesn’t break- 17600 & id be looking to take profit around 20000 or 21000 depending on buyers activity. I like to trade the 4hr, if my target is about to hit I’ll drop down & check the 1hr & volume to see if I feel there’s more potential in it.
Vermillionz
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@Judd2211, Cool thanks for the info, really appreciate that. Best of luck!
sourcex
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@Judd2211, Now that it broke down through 50 and bounced just on the 61.8 do you think it has got in it to move up?
This looks typical to sell the news since eosDAC airdrop is in 12 hours. Not sure its worth holding it or not? Thoughts?
Judd2211
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@sourcex, it’s had a little bounce, not enough for me to enter. If I had been quicker to check the charts I would’ve brought & sold on the bigger green candle(very short term trade). Ill be sitting out & watching what happens, I don’t see anything atm I really like to enter but that could obviously change also. Hope you’ve had a win mate!
sourcex
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@Judd2211, Unfortunately it dumped hard. Didn't expect it to drop so sharply, but i guess that's how markets behave. Hoping I will sell it on rallies
Judd2211
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@sourcex, yeah you gotta be careful mate, these things can fall as quick as they’ll rise sometimes. Always have an exit strategy even if it’s just a short term trade. Eg- stop loss.
sourcex
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@Judd2211, I am always in dilemma Because if you set a stop loss, then you can't set a sell order for alts.
Like GNT 2 days back did a 600% in 1 hour. So if I had set stop loss, I would miss out on the pump.
Its pretty difficult to trade off the potential gains to potential loss, because thin orderbooks alts pump hard