Hello folks,
I wonder how many of you are accumulating TOMO?
After the 7th Sept drop, TOMO has been under the channel as mentioned in the chart, and soon it's gonna break this channel. I am expecting TOMO to reach $4+.
Here's how I am trading this coin, in this chart I have mentioned two accumulation range. One is between $2.33 to $2.49 (the current price range), and another one is between $2.02 to $2.11.
1. If TOMO fails to break above the upper trendline ($2.61) then I am gonna close my trade, book my profits and wait for TOMO to reach the lower trendline to enter this trade again.
2. But if TOMO continues to rally then I am gonna hold it and book profits according to my targets.
3. If TOMO gets rejected from the current price then I will accumulate more at the bottom trendline.
SL: $1.94
Targets for the current accumulation:
$2.61
$2.78
$2.99
$3.22
$3.49
This is my strategy for TOMO. I am using low leverage to avoid liquidation.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
I wonder how many of you are accumulating TOMO?
After the 7th Sept drop, TOMO has been under the channel as mentioned in the chart, and soon it's gonna break this channel. I am expecting TOMO to reach $4+.
Here's how I am trading this coin, in this chart I have mentioned two accumulation range. One is between $2.33 to $2.49 (the current price range), and another one is between $2.02 to $2.11.
1. If TOMO fails to break above the upper trendline ($2.61) then I am gonna close my trade, book my profits and wait for TOMO to reach the lower trendline to enter this trade again.
2. But if TOMO continues to rally then I am gonna hold it and book profits according to my targets.
3. If TOMO gets rejected from the current price then I will accumulate more at the bottom trendline.
SL: $1.94
Targets for the current accumulation:
$2.61
$2.78
$2.99
$3.22
$3.49
This is my strategy for TOMO. I am using low leverage to avoid liquidation.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
Trade closed manually:
TOMO hit the 1st target. As I said, BTC failed to break above the upper trendline so I closed my position close to the upper trendline. I'll re-enter this trade once I see any opportunities.
Trade active:
TOMO is doing good so far. We will soon hit our targets.