Karas_

QKC nice setup

Long
Karas_ Updated   
BINANCE:QKCBTC   QuarkChain / Bitcoin
Hello everyone,

I wanted to share with you a good buying opportunity for QKC, here is why I bought some :

- Mainnet launch April 30 = strong fundamental
- On a strong support = potential trend reversal

If QKC manage to breakout over 850, we might see a nice pump.

Buy zone = 800 to 825
Target1 = 945
T2 = 1030
SL = 755

Beware of BTC, it is still unstable and might cause some damage on alts when it decides to move !

Trade safe

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Comment:
QKC is currently dipping but hasnt it SL I will buy some at 780 to even the buying price
Comment:
QKC hi SL because of btc dominance pump and some fundamental related. Buying in dip can be rewarding once we see a bottom
Comment:
QKC is tanking hard due to BTC pump and bad rumors. As for now, we are seeing a potential reversal as BTC seems to be stabilized around 5550.
As said before my QKC hit SL at 750 so I'm out.

If I was still in, 2 options :
1/ I would buy some at the dip to even the initial buying price. But that's 100% on the conviction that the coin will recover because of the April 30th mainnet.
2/ Since some bad rumors (check twitter QKC) went online this weekend resulting in the first tanking of the price, the full recovery might be hard to achieve. So I would cut the losses on this and find better and safer opportunities

Trade safe

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