I will be buying RLC starting at 6600 down to 6050 in anticipation for a big leg up on a huge inverted Head & Shoulders. Once this coin gets goin it moves quick. Targets in the ballpark of 9000, 10500, 11000.
Pretty good history of honoring channels for ENJ.. I like the similarity in this current parallel channel compared to the previous. My buy zone is naturally close to the bottom here. Targets close to top. You could add a T1 before backtest of the 55MA if you wanted b/c i believe there will be a retest but this is how i plan on playing this coin.
This is a great spot to ride out this channel with a good amount of support at the base from a longterm downtren line and the 200MA. The re-entry location could also be used as a entry location but only after the T1 has been hit. I feel confident that the 55MA will be retested before moving to top of channel. If you play this trade from the Re-Entry level your...
