VWuelfrath
Long

SANUSD - Another highly speculative asset is breaking out

BITFINEX:SANUSD   Santiment / Dollar
I identified ETP as a breakout candidate last week and it did work well after all.

SANUSD is now breaking out of its downtrend. I really don't know much about the coin and the entry is purely speculative based on the setup.

Looking for a target of 1,90$ and tight stop loss at about 0,95$.
Comment: Keeping an eye on the SANBTC ratio. This also broke out and got a nice launch from the 0.786 FIB level. The blue box is also a potential target.

Order cancelled: BTC looks really weak and USD funding rates are freefalling. This may get ugly
Comment: I reopened this trade at 0.918$.

Comments

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