ZECBTC -5.56% , currently on an uptrend channel , and bouncing from support zone , sets the possibility to open a Futures contract. Leverage and volume must be safe according to the portfolio holdings.
Current market conditions could lead to Range instead of a Trend Reversal, so Target, must be flexible. This is an early attempt to go long. You could also wait for further confirmation of price reversal.
Make sure liquidation is under support according to your leverage.
Fibonacci Retracement levels from May-June rally are also shown considering daily close.
A first target is shown in the graph at 0.093. Opening a limit-sell position of a percentage of your contract could be useful to break even early if market´s volatility within the rising channel joins our team.
On weekly trend, Stochastic RSI is moving north with plenty of room, and on a good volume .
Comments, and opinions welcome.
WNZ Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
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Market just recovered, pulled by recent BTCUSD move. It seems unlikely to reach 1/1, so 2/1 is suggested to settle as first target
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Here is my closing idea for this trade. TP at current level with 50% of your contract, and place Stop-Loss at shown level. Market seems likely to reach a 2nd target zone at 78-80. Next 24 hr are crucial for this contract.
Trade closed: target reached
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Sweet ride +40% gains. I hope this call was useful for you, it certainly was useful for my investors.
WNZ Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading