tommytoan11
Long

ICXBTC GOOD ENTRY - if BTCUSD holds! Tight stop loss!

BINANCE:ICXBTC   ICON / Bitcoin
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*Please don't make any trade based purely on my TA*

This is a solid entry, but plase beware that this is on a knifes edge! BTCUSDT is testing a symmetrical wedge (that i see), it could very easily break below, if it does, its gonna be painful!

Set you stop loss around 2% below your entry, good luck!
Having a tight stop loss isn't wise with all this manipulation unless you are free and have time to actively manage your trades. BTC is likely going to get pumped again in the next few days.
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@Xzhi, i understand, in this case the ascending channel has been respected fairly well, its continuing to use it as support, so if you bought in the buy zone and set a tight stop loss, you are unlikely to get stopped out assuming BTC goes side ways or goes up.

my fear is BTC is sitting in a really awkward place, if ICX was to go down, it would most likely have been due to BTC which would probably have gone to 8600 8500 or even lower.

Lastly, in the case of my TA, i would always recommend a tight stop loss! I have to urge caution if people are actually playing with money here
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YOLO
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Matches what I see
+1 Reply
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