I am long.
Some serious consolidation here charging up for a large move imo.
If the market continues to push green, I think there's a good chance we see 30 cents Mdex. However, we also saw relative strength of MDEX flourish during the past few weeks as you can see on the chart, so we'll see how it reacts to the market if we get a bullish rally (decorrelated? I doubt it, but worth minding given its recent PA compared to the altcoin market).
Stop-loss below recent low (~17 cents) and invalid on a breakout below this triangle.
Manage risk, don't assume this will break upwards.
V
Some serious consolidation here charging up for a large move imo.
If the market continues to push green, I think there's a good chance we see 30 cents Mdex. However, we also saw relative strength of MDEX flourish during the past few weeks as you can see on the chart, so we'll see how it reacts to the market if we get a bullish rally (decorrelated? I doubt it, but worth minding given its recent PA compared to the altcoin market).
Stop-loss below recent low (~17 cents) and invalid on a breakout below this triangle.
Manage risk, don't assume this will break upwards.
V
Trade closed manually:
Not liking the reaction and it has dipped below 17 cents as well as broken the lower leg of the triangle so I'm out!
Vatsik