Still looks terrible.
It would be funny if it bounced here at the same point as that long wick from March of last year, but unless I see some significant bullish changes in market structure, I am targeting the lower zone (green) for potential entries.
A small bounce looks likely here, to at least reset some of the over extended range bounce indicators, and because it was a previous low.
RSI and Stock have generally bounced from these levels and the RSI has a Bullish divergence (flat indicator lows while price makes lower lower)
OBV is reaching a potential support while price is lower than it was previously at that support.
MOM turning up - just shows potential for a bounce, nothing more yet.
Have a small bag of this one but not targeting a real position until a change in market structure, or the lower zone is hit
It would be funny if it bounced here at the same point as that long wick from March of last year, but unless I see some significant bullish changes in market structure, I am targeting the lower zone (green) for potential entries.
A small bounce looks likely here, to at least reset some of the over extended range bounce indicators, and because it was a previous low.
RSI and Stock have generally bounced from these levels and the RSI has a Bullish divergence (flat indicator lows while price makes lower lower)
OBV is reaching a potential support while price is lower than it was previously at that support.
MOM turning up - just shows potential for a bounce, nothing more yet.
Have a small bag of this one but not targeting a real position until a change in market structure, or the lower zone is hit
Comment:
Above comment is from discord. Kept track of this trade there, did not post here.
Comment:
That VPVR gap is serious...
NevermoreXBT02/18/2019
Current dip on XLM is filling additional bids. Lowest bid is 2090. Will stop out if Price closes below lowest wick
Filled some bids on this one. Looking for Take profit zones at 2600 and 2900 sats, if it can break above 3k again I might target new highs.