Trader_MDJ

Trader_MDJ Updated 

Pretty clear rejection from the POC 2.32-2.34 on 5D chart newer coin that has distributed and will head to all time lows to begin accumulation for bull market ride it down with me!

Trader_MDJ Updated 

tight s/l and take profit levels marked on chart reason behind shorting is the capitulation and with such a new coin it is natural and normal for the price to retest EMA's as they appear on the chart. the 100-ma on the weekly is at around 48c and just appeared so i expect price to magnet towards it

Trader_MDJ Updated 

this looks bearish on every timeframe in my opinion, price will look to take out the capitulation candle lows around tp 2, may be a slow bleed but tight invalidation just in case

Trader_MDJ

price will look to wick below the high volume buy candle around .035 where you can have a tight s/l and go long

Trader_MDJ

Higher risk long entry here as resistance may have been flipped into support Low expectations and a tight stop though because the RSI was rejected on a daily timeframe at 50 so this may not have bottomed yet