Picking up some Ethereum Classic here (~280k sats) for a quick flip. Target: 320k sats Stop Loss: 258k sats.
----------------------------------------------------------------------------------------------------------- With the snapshot coming for the Callisto fork (~3 days), people were expecting this to dump due to the very strong "sell the news" principle.
Now that the dump has occurred, and we have returned to the bottom of the channel, I think this would be a good time to pick some up for a quick flip, or to get some CLO coins. Personally, I will most likely be flipping unless chart looks overwhelmingly bullish.
I'm expecting a nice little "dead cat bounce" around this level. Basing my idea around strong support from bottom of channel, and past RSI bounces from this RSI level.
---------------------------------------------------------------------------------------------------------- Apologies for lack of updates lately, been busy with other projects and accumlating bottomed out coins. As always, please feel free to ask any questions. Always willing to teach and learn!
Trade closed: stop reached
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Well, that was a quick stop out. Bittrex put out a statement saying that, not only are they not supporting the hard fork, but that the Callisto coin team contacted them TODAY in regards to supporting the fork coming up in 2 days.
Not bullish on the FA nor the TA.
Can't win them all unfortunately; TA is never 100%. What's important is we protected our capital and had a nice risk to reward setup.
If you got in with me ~200k and took profits at targets, congrats!
@Bazinas,
Taking Profit at the target listed above (~320k sats)
Considering taking some profits at 295k sats as well, depending on how it reacts to resistance around that price point.