Status Network Token (SNT), one of my first very strong public trades, shared on Trading View around the 15th December, has reached bottom and it is breaking out again today. Let's take a quick look at this coin for a quick and profitable trade.
Status Network Token (SNT) Trade Analysis by Alan Masters
*** CHARTS, SIGNALS & INDICATORS
Before we get started, let's take a nice quick look at the chart. I will show you the 4 hours chart and describe the rest below, here, for your learning and entertainment:
- The first thing that called me to track SNT was the bottoming out of the price on the charts. After that, I saw some great divergence on the MACD 4h chart as well as the RSI being oversold. - The RSI being oversold is a very strong signal. This same signal is also available on the daily chart, which makes it even stronger. - There is also a very strong breakout, which can be seen on the 4 hours chart and bullish sentiment on all the indicators. - On the daily chart the indicators are trending up now with plenty of room for growth. What this means is that they are on the lower end of the chart, in the bearish zone, but they already reversed and are trending up, which allows for plenty of room for growth since they are looking and going up all the way from the bottom. - These are just a few signals, but these are very strong signals, that's why we now move on to the trade instructions.
Trade strategy: Aim for profits. A good 20% above your buy-in price is good to start securing profits. You can use the targets above as reference point, but the goal is to make 20-50% profits off this trade.
Stop loss: 0.00001299 (This is a very strong stop-loss. With the market acting stable lately, this isn't very likely to be needed).
*** MESSAGE OF THE DAY: Sun & Day
When the sky is blue, the sun is out to shine. When the sky is gray, the sun is still working from behind.
When I see the blue sky, I get this good feeling of a higher self. When the sky is gray, I continue being grateful and enjoy the shadow for the day.
Either you like the blue sky or you like gray, the detail is not important, what is important is what you feel. You can give me rain, sun or fire, and I will be thankful for what it is.
So regardless of the Sun & Day, I just go out every single morning and be sure to Thank You... for Today!
Thank You Sun (My loved supporter), what a beautiful day...
Namaste.
Trade active
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Daily chart:
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Please allow time for this trade to develop and trade according to the trade instructions above.
Thanks for your continued support.
Comment
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This one is holding nicely, good to see that it can take the hit from the Bitcoin decline. The entire market is suffering but SNT held nicely.
Great sign of strength and growth potential.
Trade active
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Trade still active. Please allow time for this trade to develop.
We might have a breakout as well...
Comment
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Please trade according to the instructions above.
1) Buy within our buy-in range. 2) Hold.
When the price goes up, sell for profits. You can use the "targets" to know when to sell.
If the price starts to crash and it goes down, activate your stop loss in order to cut your loss.
You only have 1 option, either wait or sell.
We are pretty far from our stop loss, so this is an easy hold.
This trade still looks great. BTC dumped about 12 hours ago yet SNT held fairly strong. It was on its way up before BTC dumped. That same trend should continue once BTC decides to stop pissing around. Either way, this coin was good in December when it was a rocket and it will be a rocket again soon! Follow this one!
sergio00
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I would enter at 0.00001491 or lower. With a buy Stop/ limit order. Like Alanmaster said "take your profit!" Re-buy at lows levels would be dangerous. Remember the big bull trap at APPC, I got 45% profit buying and sellin APPC in 2 days!.. .......But them the APPC price fell to the all time bottom. Be carefull.
sergio00
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@sergio00, Sorry, I wanted to say "Re-buy at HIGHT levels would be dangerous". Take profit and only re-buy if this coin start to go up again. A Buy Stop/limit order would be perfect but be careful with sticks very tall candles that can activate your buy order in a down trend..... I often put the buy stop order at a hight resistance level to avoid this bull traps.
donyewuc
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I just noticed this coin while looking for solid trade opportunities. The 4 hour chart is looking great currently. Barring a severe BTC crash, this is definitely setting up for a breakout.
I'm waiting for an EMA and MACD confirmation first because I prefer to trade safe, but this has great potential.
cc247
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Sweet
nebalexocit
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Please share more of your views on SNTBTC, really love them..!