C98 was on a massive bearish leg for the latter half of 2021 and we almost took out the entire gains it made.
We recently tested the 78.6 fib of the bullish impulse move and we may have found the bottom. IF we do move lower once more, keep an eye on the structure.
The great thing about this coin is that its at the very lows. Any move up would be exponential gains for your portfolio. Might be a good one to take a punt on and see what happens.
Trade Idea:
- Enter and watch for continued bullish momentum from 78.6 fib
- If we move lower, watch the structure level for bullish price action and enter
- Targets: 4.4, 6.2, actively manage the rest
Goodluck!
We recently tested the 78.6 fib of the bullish impulse move and we may have found the bottom. IF we do move lower once more, keep an eye on the structure.
The great thing about this coin is that its at the very lows. Any move up would be exponential gains for your portfolio. Might be a good one to take a punt on and see what happens.
Trade Idea:
- Enter and watch for continued bullish momentum from 78.6 fib
- If we move lower, watch the structure level for bullish price action and enter
- Targets: 4.4, 6.2, actively manage the rest
Goodluck!