Only 300k volume in first 10 days after listing, so the old support levels that come from this time aren't very firm (the dotted lines).
PPT is nearly in uncharted territory, practically all of the trading on this coin occurred at a much higher price.
We're at the same level (67000) as the last spike, which had 3-4 times the usual weekly volume (1.3 m vs 300 k). I'm going to have a tight stop, if it breaks then I'll just have to keep watching for bottom. If volume triples, It'll break 100000 and die out before 140000 in a matter of days.
The tight stop: After the "ex-whale" accidentally added an extra zero to .0015530 (he typed .0001553 instead) and market sold, this things had a hard time... The resistance we're sitting at (66930) was formed during the btc 0.34% dominance dip last week, ignoring this dip we might already be well below the actual support (73000, 81000-ish), and just could continue to freefall.
Like many coins, either the daily RSI has double bottomed (Red) or shows bullish divergence (Green), depending on which day you consider the low.
Target buy: 67000.
Target sell: 75,000-95,000-105,000-138,000. I'll hold all of it to 105000 depending on indicators, selling as low as 73,000 if it looks shakey.
Stop loss: If 66890 then sell 100% 66750, then continue to wait for the true bottom.
PPT is nearly in uncharted territory, practically all of the trading on this coin occurred at a much higher price.
We're at the same level (67000) as the last spike, which had 3-4 times the usual weekly volume (1.3 m vs 300 k). I'm going to have a tight stop, if it breaks then I'll just have to keep watching for bottom. If volume triples, It'll break 100000 and die out before 140000 in a matter of days.
The tight stop: After the "ex-whale" accidentally added an extra zero to .0015530 (he typed .0001553 instead) and market sold, this things had a hard time... The resistance we're sitting at (66930) was formed during the btc 0.34% dominance dip last week, ignoring this dip we might already be well below the actual support (73000, 81000-ish), and just could continue to freefall.
Like many coins, either the daily RSI has double bottomed (Red) or shows bullish divergence (Green), depending on which day you consider the low.
Target buy: 67000.
Target sell: 75,000-95,000-105,000-138,000. I'll hold all of it to 105000 depending on indicators, selling as low as 73,000 if it looks shakey.
Stop loss: If 66890 then sell 100% 66750, then continue to wait for the true bottom.
Trade closed manually