Disclaimer: No financial advice.
Filecoin saw a rapid decrease in price over the past weeks and is now trading at an almost all time low.
The support lines indicate that a long opportunity is a valid strategy in this scenario.
We can try and go for about 10% profit with a stop loss at 3% that leaves us with a risk ratio of ~ 3 / 1
Please let me know your feedback about this in the comments!
Filecoin saw a rapid decrease in price over the past weeks and is now trading at an almost all time low.
The support lines indicate that a long opportunity is a valid strategy in this scenario.
We can try and go for about 10% profit with a stop loss at 3% that leaves us with a risk ratio of ~ 3 / 1
Please let me know your feedback about this in the comments!