BTCE:PPCUSD   Peercoin / Dollar
47 0
The Channel works perfectly here. Green supports are not drawn to fit, they either represent psych levels (like 1,2,3, 4,50 or such) and in the case of the last current drop it "cross hit" the channel bottom, closing above and signaling a bounce. The channel is fitted by the first low and the last high tops, not the last low. i think about $3 should be the perfect entry, with a possible rise up to 4,50. I'd close out little earlier, as well as catch the coins slightly above 3 dollars. First buy 3,10 (40%), all in at 1,90 if support breaks, if it holds i will buy the other 60% at up to 3,25.

Lets see how this works out.

Short on the mid-term, until my long entry hopefully comes true.
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