First thing to consider is the volume of this coin, therefore the size of the position - it's a smaller coin so you should watch for 5 figures orders, you might get stuck.
A week old up trend has just formed and the Stochastics show it's extremely oversold and also it approaches a very solid resistance drew by fibonnaci's retracement.
Wait for first candle to close above the support and set a buy order 1000 satoshis above it, if it fails to bounce you're safe. Watch closely because it might bounce a little before too.
A week old up trend has just formed and the Stochastics show it's extremely oversold and also it approaches a very solid resistance drew by fibonnaci's retracement.
Wait for first candle to close above the support and set a buy order 1000 satoshis above it, if it fails to bounce you're safe. Watch closely because it might bounce a little before too.
Commentaire:
Still observing judging the longer uptrend and oversold RSI.