The trade is a very simple one. The CCI is indicating a buy signal on the one day chart. The bulls spiked the price yesterday and we are now in consolidation mode until the bulls are ready for their next attack.
Entry: B.00000425
Target 1: B.00000500 (+17%) Target 2: B.00000600 (+40%) Target 3: B.00000800 (+85%) Target 4: Open (Will update trade idea when target 3 is breached)
Recommended Stop-loss: A daily close below the previous swing low.
Comment
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Stop-loss was hit on SYS. Bitcoins current volatility is making it very difficult to anticipate altcoin direction.