Under no circumstances should you buy this altcoin now! It doesn't matter it's TFUELBTC or TFUELUSDT.
Of course, it can still grow. There are a lot of people who want to buy it now.
But there is a gap. TFUE can grow but also can fall.
Altcoins are dangerous enough. They always have a large stop loss.
But in this case, the stop loss can be placed at 80%. The...
Disappointed to see TFUEL break the trendline we had been siting on. Failed to break out of the short-term descending channel forming since hitting latest high at 154xx. Was hoping for another leg up. Exited in slight profit. I am a noob and this is my first analysis, would love feedback.
TFUEL/BTC
-downward trendline still acting as resistance
-20MA is also its dynamic resistance zone
-the price is trading within accumulation zone
-if the trendline resistance break, priority is upside
-target is up to 40 sats
-stoploss would be below 23 sats
$TFUEL
Listed on Binance today, seen some action already. (on the 15 min chart so there isn't much data to go off by).
I think a retrace to support below is next, however I wouldn't consider longing the first area if I were looking for an entry, I'd wait for a further retrace.
