Kyber Network Credits (KNC) has spiked to that level twice already on kucoin.
So that is where I would place the first profit target, around 7.4k satoshis.
A good stop-loss would be 5k satoshis, but that's up to you. I set alerts for certain price levels rather than stops, so I can analyze the situation instead of being auto-stopped out of a trade.
As for longer term profit targets, we could realistically hit the 9-10k satoshis range. Typical practice is to sell half at the first target, and hold 25-50% for future targets.
Very important...! I know little about this coin KNC fundamentally, so it is automatically a high risk high reward trade for me. I put a small bag in this coin, 2% of my portfolio, with a 60% sale target at 7.4k sats .
I wish I had more time to do research on setups like this, but for the time being I am incredibly busy.
Thank you, and good luck traders!
TP1: 0.00007388 50%
TP2: 0.00008356 25%
TP3: 0.00009780 25%
These ideas are based on my own analysis and opinion, so please take them with a grain of salt and trade responsibly. Never blindly follow someone, always do as much of your own research as possible :)