AndyTheKing

INS/BTC - Fast down, fast up? (67%+ Potential Profit)

Long
AndyTheKing Updated   
BINANCE:INSBTC   None
Textbook divergences setting up for INS, presenting a nice risk/reward trade.

My reasoning:
  • Structure: Double bottom.
  • Divergences: Triple div - OBV, histogram (unconfirmed) and RSI.
  • Location: Below value on VPVR. Profit target slightly above value on VPVR. Currently at swing low from 17th August last year.

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Trade closed: stop reached

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