Here you have loom network, 15 minute candles. As you can see it already had a nice lil' run after getting listed on my beloved Binance and has now corrected down a bit, exactly to the 0.382. I usually don't enter a trade until we've corrected down to the 0.236 or 0.114 (5081 / 4583) and I wouldn't be surprised at all if we are still going to correct to that point. A break below the bottom line of the wedge, dashed in green, would confirm we are going to 5000 range.
But as it looks now we are breaking out of the wedge and I could see this break to the upside. So I got in. I don't know nothing about this coin, no FA I kinda hope to get rekt, because of my entry on the 15 minute and how that is nowhere near my usual fundamentals. If anything I would advise against trading coins you know nothing about.
The best trades combine TA, FA and a daily/4 hour chart :)
Anyway, the target for this trade 11494
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its trying
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This is part of the reason I'd rater trade the daily instead of a shorter timeframe. Bitcoin does one sudden move and you feel like you are getting rekt in your altcoin. Here's the 15 minute and you can see the drop BTC just caused
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After reaching the 5000 range we bounced hard and are looking pretty good right now
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some nice movement
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Lets see if BTC allows this wedge to break to the upside
Do you have any time frame for your goal? (11494)