Deftsuo

RVN consolidating on top of old resistance. Might have more gas.

Long
BINANCE:RVNBTC   Ravencoin / Bitcoin
RVN/ BTC is currently consolidating on top of prior resistance around 1540, and if the trend continues, we should see another leg up. High risk play as RVN is basically parabolic at this point, but bullish FOMO in combination with a 14 month down trending market can be a perfect storm for these coins to continue moving higher. Use proper risk management and be smart about where you enter and exit. Also, if anyone is feeling generous and would like to support me and my TA, I accept Bitcoin donations! Any donations are greatly appreciated as I am a full-time student in college and it would really help me out! My Bitcoin address is down below in the Signature box. :)

Entry: 1540-1570 (Might need to wait for a pull-back as we don't want to enter too high and skew our risk/reward.)

Target 1: 1750
Target 2: 1875
Target 3: 2000

SL: 1490-1505

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.


Comment: Anddd Bitcoin ruins the party and we get a flash crash:
Trade closed: stop reached: SL's hit on a flash crash.

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