I do like how beautifully VET bounced from .5 fib, 2 times in August. To me this looks like a beautiful setup, however I'm not liking how BTC looks today, and NGL, I'm a bit scared of BTC dump, but if everything stabilizes this could be a very nice setup. I think if rsi goes above 50, this could be another confirmation. However, I don't like that any logical SL for this trade is below .5 fib, which is 10+%, around 134 sats. Volume is slowly creeping up as well.
Trade active
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BTC diddn't dump, it pumped, but we all know how alts reacts when BTC pumps. Today .5 fib got retested again, and it seem it has been established as support for now. If it holds, we will see some nice gains on this trade.
Order cancelled
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Although Vet is still hanging around .5 fib, even after today's massive BTC dip, I wouldn't take this trade now. It seems that market wants to correct more. There is still room for RSI to drop, 200 EMA is still acting as support, but in case of a larger pullback, I doubt it will hold. How does 90 - 40 sat vet sound? 😂
Trade active
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Today I'm liking how VET looks, although market conditions are risky. I will open a position here around 147 sats, with a SL I don't really like (around 133 sats). High risk/High reward trade.