Looking to enter Maidsafe on margin at Poloniex. It seems to have bottomed out and is trending up. Will look to enter on or close to this trendline. This will kind of depend on BTC, I think we might have one more drop but alts seem to be coming back because people are comfortable with this BTC price range.
This could be a nice trade, if it hits the main target at 40% playing on margin you multiply it by 2.5 so we could double up here. If it hits the previous high it could do alot better.
Each horizontal line would be a target. You could expect some kind of pull back as we hit them, they are previous support resistance levels. A good entry is key when playing margin, you can win x2.5 times your BTC but if it goes against you, you lose x2.5 so you dont want to be on the wrong side of these and cut your losses if it starts to go against you.
Also you never go 100% in on margin, I suggest whatever you want to play use 50% to start so you can use the other 50% for your stoploss, then as it moves up add to your position on dips. Everything looks good with this, it is trending up and the moving averages are now getting under in on the daily chart.
Good entry, smart stoploss and take profits if it turns against us. It should make for a good 'safe' trade. Will update with my entry and update as the trade goes.
This could be a nice trade, if it hits the main target at 40% playing on margin you multiply it by 2.5 so we could double up here. If it hits the previous high it could do alot better.
Each horizontal line would be a target. You could expect some kind of pull back as we hit them, they are previous support resistance levels. A good entry is key when playing margin, you can win x2.5 times your BTC but if it goes against you, you lose x2.5 so you dont want to be on the wrong side of these and cut your losses if it starts to go against you.
Also you never go 100% in on margin, I suggest whatever you want to play use 50% to start so you can use the other 50% for your stoploss, then as it moves up add to your position on dips. Everything looks good with this, it is trending up and the moving averages are now getting under in on the daily chart.
Good entry, smart stoploss and take profits if it turns against us. It should make for a good 'safe' trade. Will update with my entry and update as the trade goes.
Comment:
Comment:
Closing this for now at a small loss. Reason is the volume has gone way down. Yesterday it had 100BTC trading, thats down to 37now and with such low volume sharks can screw you. So take the loss wait for it to turn.
Step 1. Buy Maid on the exchange.
Step 2. Move it to margin wallet.
Step 3. Open margin with 50% of my margin account balance.
Step 4. Stoploss with the other 50%.