✳️ Loom Network 330% Potential Exposed (Name Your Altcoin #53)

AlanSantana Updated   
BINANCE:LOOMBTC   Loom Network / Bitcoin
The best trades are those that make you money.

The best trades are those that are successful.
The best charts are those that move according to what you predict.

If I see up and it goes up...
If I buy long and it goes up...

That's all that we need!

A bullish breakout can happen after 1 day, 2 weeks or 3 months... We never focus on the timing but instead of the support and resistance levels.

When a pair remains above our stop-loss it is always active.
If it goes below, that's a loss.

When it starts moving and hitting targets, that's a successful trade... All that is left is for us to collect profits and move to the next one.

Endless opportunities available always so, if you miss one, another one will show up.

We saw some great pairs doing 100%, 200% and even 300% in a matter of weeks, some even days... These are red now.
After a strong bullish breakout or wave, a correction takes place.

Here we have a new one. Loom Network (LOOMBTC).

  • Long-term rising channel. Higher highs and higher lows since December 2020. That's all we need.
  • Moving above EMA10 and EMA50 just now, this week.
  • We consider the RSI strong above 30 weekly, this one is at 52+.
  • If these signals aren't enough, LOOMBTC is moving above MA200 weekly, closing above it is really strong.

The action today happens after a higher low.
Higher lows will lead to higher highs and thus the targets/resistance levels become our goal.

Easy, first, we have 116%.
Mid-term, 330%.

You can define your own risk, meaning, you need a plan to stop the trade if it goes wrong.

Yes, the signals are good and going green but things can change anytime.

Just make sure to never set a stop-loss order but instead do it manually... Because the cryptocurrency market is volatile and can produce wild swings.

Your stop-loss can be hit/activated and the next day prices recover and grow.

With a long-term manual stop-loss, you would have to see one or two weekly candles closing below your level before you stop a trade. If this criteria isn't met, you continue holding and the results is money saved.

Trade active:
We have a bullish breakout today... Patience is key.
Lots of potential for growth ahead.
116% target hit and then a major correction that ends in a higher low.
At this point we are buying after to prepare for another wave/leg up.

🔝 Altcoins & Bitcoin Charts!

🚨 Free PREMIUM Trade-Numbers

🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access (Since 2017)

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.