If bitcoin drops again to local low at 26k alts will follow, it might be a good idea to enter here a short trade because it looks like btc is going to drop now.
The reason for choosing this coin is that it just hit the resistance level and here we have two possibilities:
1-Btc drops hard at weekend and we make a 30% profit shorting it till bottom.
2-Btc pumps and we lose a 6.7%.
If the second possibility is given and it be a breaks out the resistance looking for a long might be a nice option.
Entry now at 0.46 with stop loss at 0.495 and targets 0.353 and 0.30.
At 0.436 stop loss to entry.
Not a financial advice do always your own research.Only risk very small amount in this trade if you decide to take it.
The reason for choosing this coin is that it just hit the resistance level and here we have two possibilities:
1-Btc drops hard at weekend and we make a 30% profit shorting it till bottom.
2-Btc pumps and we lose a 6.7%.
If the second possibility is given and it be a breaks out the resistance looking for a long might be a nice option.
Entry now at 0.46 with stop loss at 0.495 and targets 0.353 and 0.30.
At 0.436 stop loss to entry.
Not a financial advice do always your own research.Only risk very small amount in this trade if you decide to take it.