This TA is a bit out there as I see it as being very optimistic; that being said I could see VENBTC following its pattern of sudden growth that it has been experiencing in the past. Currently forming a pennant on the 60min chart ; it could break anytime soon.
@Poeee001 No specific target as this is a good HOLD IMO. Just as the coin crosses a fib level ; set your stop loss a bit the previous major resistance or fib level to lock in your profits.
From the current TA ; it looks like it might do 50% + in the next 24hrs.
IMO pattern confirms if we pass the 43K sats.
Poeee001
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@glesperance, we passed the 43k sats... I will set the stop limit at 65K
CryptoFeynman
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@Poeee001, alternatively you can also set a SL to protect against price drop / BTC ruining the party by setting a SL at 40K sats once we're over 43K; a bit like a trailing stop loss on Bitfinex.
CryptoFeynman
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you then update it as the price goes up
Poeee001
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@glesperance, with update you mean if its 48k then the SL at 43K
CryptoFeynman
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@Poeee001, yes ; or depending on your risk tolerance you could set it around 42K just in case it bounces back on 43K.
From the current TA ; it looks like it might do 50% + in the next 24hrs.
IMO pattern confirms if we pass the 43K sats.