VIBE look bullish at the moment. The price is currently at its support zone. You can buy now and wait if you want. However, i recommend you to wait for the break-out and set buy order at 9100 zone (yes ! this price is a little bit higher at current price but you make sure that you can gain quick profit)
1st target at 11650 sat (0.5 fib) - 30% gain at break-out buy zone. Others target you can look at the Fib level on the chart.
Stop-loss: 7500 (remember, always put stop-loss)
I will try my best to update my chart daily. Feel free to ask.
Comment
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My tips for you guys: I rarely buy at the support zone. I buy when it break-out and place buy order at the resistance that it just broke. Yes! I have to pay a higher price. But im make sure that the coin i buy will go for it uptrend and i save a lot of opportunity cost instead of buy at the support and wait for a long long time for the break-out. And remember guys, alway put stop-loss.
Trade closed manually
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This chart is invalid now, i will update my chart on another post. Thank you
My tips for you guys: I rarely buy at the support zone. I buy when it break-out and place buy order at the resistance that it just broke. Yes! I have to pay a higher price. But im make sure that the coin i buy will go for it uptrend and i save a lot of opportunity cost instead of buy at the support and wait for a long long time for the break-out.
And remember guys, alway put stop-loss.
TulgaB
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Can u update chart tnx
VikingPirate
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break out can't be totally trusted.A false break out can bring you a huge loss of money and time.Buy low and lowsell high is the only rule that matters.
KhangLef1
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@VikingPirate, Totaly agree! But buy how low and sell how high dude? I assume that you mean to buy at the support zone right ? Buying at the support still has the change the price slip out of the support. Just look at the chart above, it clearly slip out, that why i told you guy to not buy now and wait for the break-out. Buy low sell high is fundermental, but you have to be more specific dude. For me, i buy when the price confirm it uptrend and sell when it reach my target (usually strong resistance or base on Fibonacci). So when do i know its in an uptrend? It is when it break-out AND bounce back to test it support (previous resistance that it just broke). About the fasle break-out, yes there are a lot of false break-out, that why i told you guys to set stop-loss, you have to control your loss dude. Cheer!
PS: There are hundred of trading system our there, my trading system is just one of them and i find it really effective so i’m sharing with you guys. It might sound weird when you try to buy higher and look like you are FOMO. But read and learn about DOW theory and price action, you’ll see that my trading system (obviously i’m not the one who invented it LOL) totally make sense.
zarkav
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Now price is 0.000079 !
VIBE maybe breakeout soon or price is falling?
KhangLef1
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@zarkav, its slip out of my support (blue line) and currently boucing at the 7800 support( srr i didnt draw it here, i thought that trading view can let me draw more but it lock when i post the chart). If you listen to my advice (read my comment again about when to buy), you didnt buy anything so you dint lost anything until now. But if you have already bought it, luckily the 7800 support are quite strong. If the price still move sideways at the 7800 support, it’s can moon anytime. Cheer!
Ps: i will update my chart on another post, this chart are useless now.
MattRiedle
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What about flash drops?
I haven't set a stop loss since a flash drop cost me 30% on NYE.
VIBE's flash drop a week ago cost people some serious money.
KhangLef1
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@MattRiedle, it is risk management dude. The probability of flash dump is way more lower than the probability it countinues its downtrend. There are many time my stop-loss triggered then it bounced back way more higher. But there are even more time the coin didnt bounce back and keep going down. Place stop-loss, have courage to cut your loss is how you win this game in the long run.
KhangLef1
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@MattRiedle, btw if you are in a mid-term or long trade, you should place your stop-loss below the strong support line. When it break the support, it will go for a downtrend, there are no point you should still holding that. But if you are in a short-term trade, place stop-loss just about 10%, maximum 15%, if it hit the stoploss, just move on. You have to make sure that the target price must at least double the loss, ex: if my stoploss is 10%, my expectations profit must more than 20%. In your case if you are willing to lose 30%, you target from the beginning must more than 60%
MattRiedle
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@KhangLef1, Thank you so much for your explanation. Makes sense!
And remember guys, alway put stop-loss.