ETH/BTC Buy the Dip Long

Ethereum / BitcoinBinance

Description

⋅ Aug 28, 2019 6:54 PM

Hi Traders,

Theres just been a killing in the market, most altcoins down 5-10% in the matter of a 1H candle.

Looking at this chart here, this dump looks planned by whales. As soon as the coin broke the confirmed uptrend, it just dumped 8%

I bought in at 0.173 with the expectation of regaining the uptrend to hit the 4H hold at 0.196

I am not a financial advisor, take the trade at your own risk, remember to use a very tight stop

Comments

nginx

⋅ Aug 29, 2019 4:10 AM

We have to wait and see whether the uptrend resumes or not. It broke below the support suddenly but that could be a false break as price has bounced back above the support level but it is critical observation period now for the next few days.