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JustChartThings
Jan 7, 2018 5:42 PM

$REP.X #cryptocurrency #REPBTC setting up for a breakout  Long

Description

with great risk/reward levels, near 1:5. I have a long-term bias where eventually I see a breakout above 0.006s, making this entry area good for also building a longer term position. While this chart is still early, compared with the daily shown below, the daily has tended to spike on huge volume; therefore, setting profit targets to lock in some trades is appropriate. Eventually, supply should be consumed such that instead of wicks we'll see full bodied candles, potentially taking REPBTC back toward ATHs.

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