We looked at SNMBTC (SONM) almost two weeks ago and things are going nicely...
This is a good example of "Patience is key" .
Here is the previous chart:
The bottom line is that we have to wait for things to develop.
We buy and hold... Wait patiently and collect profits once our targets hit.
If things go "south", we close the trade at a loss and move on....
I am not saying that it is going up...
I am just saying that the potential is there for prices to jump.
Since the same level that lead to a bullish wave last year is being activated, we can see a reversal because a bounce is happening on this support.
Remember to plan your trade.
This is only good if you plan what to do if prices move higher.
What to do if...
I'm very serious ! It is a little-known asset but that will be worth gold. ...
I think you should have some in your wallet!
The technology is infinitely good and very useful in the field of CGI, FX, and science for computing power!
The long-term target is huge! A big jump is to be expected towards the end, beginning of 2022
SONM coin has proven itself again and again. this chart just shows its potential. In both usd and btc pairs, we see a trend reversal in play. like i have said, this coin is highly undervalued. buy now and take it as a presale price. thank me later
SNM has stopped the price drop at 500sts and it is likely to have a quick rally to 700sts and 900sts in the next few days. However, if it loses the 500sts zone then we shouldn't hold SNM anymore
🔴Buy : 480-520sts. SL if B
🔴Sell : 680-720sts. SL if A
🔴Sell : 880-920sts. SL if A
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY...
The price has printed successful falling wedge with the price currently sitting on a solid support and about to breakout the trend line of the falling wedge. If price breaks out of the falling wedge it will moon but if it breaks down the support we will see the price testing down 1000 satoshi price support.
This resistance will eventually break and SONM could fly. Not many coins have been little affected by this downturn, but this held well. Now that other coins in the computing/storage sector also look good this could be big.
Entry 1 - 109 (20%)
Entry 2 - 101 (20%)
Entry 3 - 92 (30%)
Entry 4 - 83 (30%)
Targets - 124 - 140 - 160
HODL Targets - 200 - 280 - 450+
Stop loss - 78
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I do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result...