LEO (Bitfinex coin) looks is gaining momentum here.
Worth to explore setup here.
Invalidation bellow 2.8 (but since this asset is quite volatile probably not good idea to have hard stop but instead ensure proper risk/size allocation)
LEO token is finally set to outperform coins like BNB or FTT (other exchange coins) after prolonged delay
Since this token barely moved for quite long time and we are seeing some healthy momentum on the chart. It is likely this will print new highs soon.
Set potential target but I actually believe the best approach here is to follow the trend since as it is...
Bitfinex's coin LEO is looking like is building volume and momentum for significant move. This coin have been in a strong and very annoying consolidation for last month and half but barely saw any significant drawdown as compared to other major coins.
I think time is coming for this to continue to next target.
BUY: 2.098 – 2.125
TARGETS:
1) Trail stop – let it run. This could go very high.
STOP: When a 4h candle closes below 1.949.
Rationale:
-Price is accumulating at resistance and has not been affected by Bitcoin’s recent movements, which tells us this coin is showing a lot of strength.
-The RSI is compressing within a pennant and the range has been getting...
LEO breaking out in last days but didn't move that much % wise when compared to other coins. This token been into severe bear market and slow markup over the past months. Only last 3 days we finally seeing some aggressive action and i suspect this is just getting started but as usual I might be entirely wrong.
