SURPRISE!!
Bears in full control. Took a lot of time today trying to find SOMETHING positive for ONT, but came up empty.
RSI levels are VERY LOW... but RSI isn't the best indicator as of late. If you read my post earlier, we broke the 1.75-.176 support... and now going to test out 1.70.
Let's hope the bears are tired and the bulls can come out swining tomorrow.
I'm a big fan of getting in at this price level, last two times we dropped below 1.70 we ran up to 2.88... but there is a little different market sentiment right now and BTC is not in the same state it was during those two time periods.
High Risk: Get in now, set stop losses in the 1.40-1.45 range. This is only if you can't stand that volatility.
Medium Risk: Get in now, set 50% stop loss at 1.65 and wait for bull volume and get back in. I don't always suggest to average down, but 1.50 has to be a big support zone if ONT bulls don't want to see a drop down to 1.00-1.10.
Low Risk Option #1: Get in now, stop-loss of 1.70
Low Risk Option #2: All fiat right now. Wait for CONFIRMATION of bull momentum (volume/MA Support). You might lose 5-10% gains, but it won't lose money either.
YOU HAVE TO BE SMART IN A MARKET LIKE THIS!!!!
J_DOT_CRYPTO
Callin' it like I see it!
Bears in full control. Took a lot of time today trying to find SOMETHING positive for ONT, but came up empty.
RSI levels are VERY LOW... but RSI isn't the best indicator as of late. If you read my post earlier, we broke the 1.75-.176 support... and now going to test out 1.70.
Let's hope the bears are tired and the bulls can come out swining tomorrow.
I'm a big fan of getting in at this price level, last two times we dropped below 1.70 we ran up to 2.88... but there is a little different market sentiment right now and BTC is not in the same state it was during those two time periods.
High Risk: Get in now, set stop losses in the 1.40-1.45 range. This is only if you can't stand that volatility.
Medium Risk: Get in now, set 50% stop loss at 1.65 and wait for bull volume and get back in. I don't always suggest to average down, but 1.50 has to be a big support zone if ONT bulls don't want to see a drop down to 1.00-1.10.
Low Risk Option #1: Get in now, stop-loss of 1.70
Low Risk Option #2: All fiat right now. Wait for CONFIRMATION of bull momentum (volume/MA Support). You might lose 5-10% gains, but it won't lose money either.
YOU HAVE TO BE SMART IN A MARKET LIKE THIS!!!!
J_DOT_CRYPTO
Callin' it like I see it!