GladeArchJoe
Long

VEN Bounce Play

BINANCE:VENBTC   None
VEN is sitting just under 20 RSI on the daily. The chart is pretty bearish and there is no support until 9k satoshis. I believe that we will slowly trend up due to a buy the rumor sell the news event with the $BTC ETF . I place the horizontal resistance levels at 35k sats and 40k sats . This is where I would plan on placing my exits in this bounce.
Comment: I made a pyramid entry and move up my stop after the nice gain from last night. Still keeping my exit the same.
Trade closed manually: Bearish divergence on the STTF for BTC. Closed at 28.5k sats. Will think about reopening if it breaks the neckline.
Comment: Bullish divergence spotted on the 4H. Reopened at 26.7k sats. Looking to ride this baby to at least 35.2k sats.

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