LukaDuke
Short

Wanchain (WAN/BTC) - Great opportunity for a quick trade.

BINANCE:WANBTC   Wanchain / Bitcoin
After patiently waiting for Wanchain to start retracing, we have now approached an ALT combined with a great bull divergence on the daily. Great for a quick trade of 30% (TP @ 4.2k (purple resistance line).

Order hit at 3.106k.

It's important to keep a close eye on bitcoin , and the fact that Wanchain made a new ATL , best keep this trade short. I will be taking profit at 4.2k and leave a small bag incase we go higher.

Most alts are hitting bottom, making new ATLs , and BTC dumps getting weaker, so it's also a great opportunity to start slowing scaling in. Until stronger reversal signals for BTC , there could always be the risk of alts hitting even lower, so only pick up small bags along the way! :)

Happy Trading!!
Comment: Realized the mistake on the title "this is of course not a SHORT" ;)

Comments

should i set my stoploss at under 3k?
Reply
LukaDuke doquoccuong1996
@doquoccuong1996, if you feel more comfortable with a tight SL, feel free. yes, maybe just below would suffice incase of a market dump
Reply
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