It looks like reef will not break its downtrend because of the bearish atmosphere in whole market. I expect REEF to decrease the levels of 0.011 which is a strong support proven itself from the last bearish season. REEF broke its one year trend (green line). After reaching the 0.011 level, REEF need a great pump to break the green resistance.
I believe that this month reef will jump back from the 0.011 and break the downtrend which has been occurring since November. In short term my game plan is collecting reef in every great fall in price and keep until the levels of 0.027.
In my mind, the best entry point for the REEF is 0.011 levels, but be prepared to a (low chance) fall after 0.011 levels if the BTC price fall continues which may pull us to 0.007 cent levels.
I don't recommend anyone to sell their REEFs right now, oppositely it is a good opportunity to decrease the average price. Keep collecting from DIP and HODL :)
(I am not a professional and don't change your plans just looking at what I wrote. Use my idea as a reference and always do your plans with your own ideas)
I believe that this month reef will jump back from the 0.011 and break the downtrend which has been occurring since November. In short term my game plan is collecting reef in every great fall in price and keep until the levels of 0.027.
In my mind, the best entry point for the REEF is 0.011 levels, but be prepared to a (low chance) fall after 0.011 levels if the BTC price fall continues which may pull us to 0.007 cent levels.
I don't recommend anyone to sell their REEFs right now, oppositely it is a good opportunity to decrease the average price. Keep collecting from DIP and HODL :)
(I am not a professional and don't change your plans just looking at what I wrote. Use my idea as a reference and always do your plans with your own ideas)
Trade closed: target reached
