-a strong bounce from the 1490s or 20% move up -testing the trendline resistance -if we are looking for a bullish entry -we want to see a break of the trendline -comeback and retest to become new support -that's a good Buy position and target the up to 2122-2666 -stoploss is placed under 1490
sir few days ago i bought zil on 2666s without stoploss i know this was my mistake but what will i do next is there any chance to recover my money in more few days or im wasting my day for waiting for recovery?
PolarHusk
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@AfzalHussain, 2666 is a strong resistance area. 2100 is the first zone it needs to break to go higher. if zil gets above 2100, you will look to sell before the 2600s but if 2100 becomes new resistance. I would take the loss and move on. everything depends on BTC movement for the next few days. if BTC goes higher, zil will likely go higher to even back to your entry point but if the price drops below 9k again. every altcoins will join btc downfall.