Since the last sell off many Altcoins have lost a significant percentage of their value. In comparison ETH has remained largely untouched, out performing BTC and other Alts. This will not last, and now would be a perfect opportunity to Short
Stop Loss around 1150
I decided to revise my earlier chart as it was done in a hurry.
The coin: ION is a gaming based coin which seems to be gaining momentum recently thanks the new developments (incl. the Moon or Bust game). The dev team seems devoted and professional with solid backgrounds, therefore the coin will likely not be abandoned or delisted soon.
The View: The Chart is ...
The trend for the last 2 weekends is clear as glass. Massive pump due to South Korean gaming.
Get in soon, or wait until Thursday to hope for lower entry.
I would recommend setting targets in two sets. One following the previous 2 highs trend line, and one approx doubling your entry.
Good luck and happy trading!