A pre-sell order of 35BTC@0.0000321 has prevented POE from truly breaking out.
Although the price of POE is still within my designated Breakout Zone, a zone I would recommend monitoring incase of drops/dumps, I do believe this coin has the potential to PUMP way up today.
REMINDER - this is a short term forecast purely on an understanding of basic Economics ( Supply & Demand ).
*** Give this a like and I will continue with updates on POE and other newly listed coins from Binance!
Trade active
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~ ~ UPDATE ~ ~ ( BIG LEAGUE )
WE've broken the 0.00000321 Resistance! Time to PUMP!
Comment
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~ ~ SECOND RESISTANCE : 0.000004 ~ ~
With the sheer volume of POE being traded, IF POE presses through the next line the sky is the limit! We've almost reached the end of the sell orders!
Trade active
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~ ~ All Systems GO! ~ ~
We've broke through the last major sell order!
I don't want to speculate a TARGET, because it's blowing through the remaining sells. BLUE SKIES from hear on out.
I will close the trade when I notice volume & demand start slipping. GOOD LUCK
Trade closed: stop reached
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It's going to continue battling back & forth. I'm going to close the trade, as it's much riskier, but for those of you who like risks set a STOP-LIMIT at 0.00000425 and keep riding the PUMP!
Trade active
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~ ~ POTENTIAL STILL ~ ~
I will try to stay active on the trade volume and the Order Book.
Let's hope we get back over 483 so i can buy more!
ShubhnayJain
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Yay! Second resistance broke. Thanks for the trade! Now what?
chris_haze
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@ShubhnayJain, my guess is that it will plain out around 0.06 USD for some time. IF the trade goes up past the previous high (0.00000483) I will open the trade backup.
chris_haze
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@ShubhnayJain, At the moment, if it continues pumping, the next major obstacles won't occur until around the 0.00001BTC mark. I've detailed out my recommended process for placing buy orders and also included a Stop-Limit price.