yesterday, we saw a really bearish market. BTC at all time highs is usually very suppressing for BTC price action of alt coins.
However, we did manage to enter at 1419 securing target 1 profit at 1549 and exit at a stop loss of 1497. for a total profit of 9.16% good for a bearish market. :)
Now lets get back to business.
today, i expect a little more dip into the 1318-1360 sat area where we can get the trend reversal confirmation for upward movement.keep in mind that trend reversal can happen above that area so try to be following the charts as much as you can.
profit targets are 1495,1581,1670.
if price action got below the 1318-1360 area it will reach to 1276 sat area which i consider it to be "the golden ticket". so stop loss for today's trade will be based on price action to protect our profits rather than our initial investment.
good luck to all.
ill try to keep this post updated as possible.
However, we did manage to enter at 1419 securing target 1 profit at 1549 and exit at a stop loss of 1497. for a total profit of 9.16% good for a bearish market. :)
Now lets get back to business.
today, i expect a little more dip into the 1318-1360 sat area where we can get the trend reversal confirmation for upward movement.keep in mind that trend reversal can happen above that area so try to be following the charts as much as you can.
profit targets are 1495,1581,1670.
if price action got below the 1318-1360 area it will reach to 1276 sat area which i consider it to be "the golden ticket". so stop loss for today's trade will be based on price action to protect our profits rather than our initial investment.
good luck to all.
ill try to keep this post updated as possible.
Trade active:
Buy @ 1318 profit targets 1495,1581,1670
I price dropped below 1276, buy more!!!
I price dropped below 1276, buy more!!!
Comment:
1200 represents good entry
Comment:
