Looking at the day chart, it looks like
KMDBTC
has been accumulating for the past few months, establishing a very solid support line.
Been bouncing off that support line for weeks now.. Looks due for another rally any time soon.
First target around previous resistance of 39k, then 56k, then around 70k.
Personally would set SL at 22k.
KMDBTC
has been accumulating for the past few months, establishing a very solid support line. Been bouncing off that support line for weeks now.. Looks due for another rally any time soon.
First target around previous resistance of 39k, then 56k, then around 70k.
Personally would set SL at 22k.
Trade closed: target reached:
Little late, but target was reached slightly later than the called time
Comment:
Though had you set SL at 22k, it would have triggered shortly before the bull run. Still have lots to learn.