AusJeff

LSK TA Trend Line, Fib Zone / Time.

Short
POLONIEX:LSKBTC   Lisk / Bitcoin
First TA ever, Based on RSI at todays peak I set a Buy order for 0.0014299 expecting it to drop slightly and continue upwards and shortly after my buy was hit and I entered this Trade hoping it'll continue its up trend and give a 2% gain but based on the fact all small up trends had an average correction of 2.6% I was expecting it to further drop because RSI in 1/3/5min suggested it was oversold.

It did drop, I continued to lower my average cost by purchasing more as It dropped, I ended up with an average cost of 0.0013892, My target sell is 0.0014259 which is lower then my first buy in.

Disclaimer

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.