We can see the symmetrical triangle here with a strong support line. We also see a strong support line at the 3,250 level so we would place our stop loss just below this at around the 3,195 level for a 3% Stop loss. Risk/reward ratio is great on this with a possible quick upside potential of 15% and longer-term upside potential of 57%.
Position: Long Pair: BAND/USDT Entry price: $0.70 - $0.80 or below Exit price: $10 or above Type of position: long term (6 months to 1 year) Short Answer: Buy Band protocol while it is at such a discount. Long answer: Band protocol has many similarities with Chainlink which is one of the best performing coins of the last 2 years. Chainlink reached a price of...
BAND (BANDBTC) has a young chart... While charting we use past history (chart data) in order to determine the different support and resistance levels, as well as to corroborate the different signals we get from the indicators and charts. We also use past history to study the behavior of an asset over time and compared to other assets in the market. So a young...