VENBTC currently is still trending upwards. A lot of support is present in the 50-56 range.
1. Old ATH: 54 (now acting as support)
2. Strong Trendline Still holds
3. 4hr Ichimoku Cloud- we dropped out of it but are entering back in.
Perfect example of not chasing the pump. Patience will give you the entry if you wait for it. VEN is a great project with some superior backing behind it in Asia. If good news keeps coming, this pump will continue.
All these make this trade a good entry. Sell partial profits at the current All Time High to lock in gains, and possibly reload before a new breakout.
Entry: 50-56
1st Target: 80-82
2nd Target: 126
Questions or comments are welcome!!
1. Old ATH: 54 (now acting as support)
2. Strong Trendline Still holds
3. 4hr Ichimoku Cloud- we dropped out of it but are entering back in.
Perfect example of not chasing the pump. Patience will give you the entry if you wait for it. VEN is a great project with some superior backing behind it in Asia. If good news keeps coming, this pump will continue.
All these make this trade a good entry. Sell partial profits at the current All Time High to lock in gains, and possibly reload before a new breakout.
Entry: 50-56
1st Target: 80-82
2nd Target: 126
Questions or comments are welcome!!
Trade active:
Important to note how market conditions can affect your trade here. VEN broke the trendline thanks to BTC dump BUT, we still hold our horizontal support very strongly. So this level will be our stop loss.