Multi-month divergence. Small market cap, only one exchange so far. Please comment if you know anything about their fundamentals. May enter now or wait for an entry near the "tight stop" level. DYOR, not financial advice, etc. Cheers!
Keeping it simple. If it breaks the red line we are going much lower, period. However we all like to catch a few knives in our lifetime... Sooo, given the nice bounce off the bottom side of the wedge, which was mostly funding related, I may scale into small long positions if that red line holds. LIQs below 9100 are ideal. This is very risky because I can see a...
Watch for the purple circle and WAIT for confirmation of green trend line break (even back test for conservative traders) OR bull triangle breakout w/ tight SL or cross (<6000liq) loose SL. I would lean towards the former. This obvi applies to Bitmex however I chart on stamp. GL & this is not financial advice my dudes/dudettes.
Also, if ETH takes off EOS should rally hard as well. Low leverage + tight stop less = high probability of profits. Obligatory not-financial advice disclaimer: DYOR, DON'T FOMO, DON'T MARKET BUY/SELL, AND STICK TO YOUR TRADE PLAN...
