This is AE-BTC, showing increasing volume, Ive plotted out previous supports that will now act as a resistance.
Buy = 1150 - 1180
Sell Zone 1 = 1265 - 1280
Sell Zone 2 = 1345 - 1381
Stop loss = 4-5% 1127 - 1100
I do often set a 10% stop loss for these trades as they can be pretty volatile. Although with the 200 day (red line) acting as a good resistance, just watch out for an hourly candle close below that.
Potential profit = 10%-20%
Recommended hold time = Days (could take hours or days, one trade I had open for 2 weeks before target achieved)
Sell zone 1 is the highest probability of a quick scalp - currently buying volume is picking up and this was the previous support, I suspect will be the resistance. Zone 2 will be wick zone if any big push occurs.
After releasing mainnet they reached $100 mill market cap and the previous peak shows this has now bottomed out - hence the zone 1 as this shows it will return and test the resistance.
Buy = 1150 - 1180
Sell Zone 1 = 1265 - 1280
Sell Zone 2 = 1345 - 1381
Stop loss = 4-5% 1127 - 1100
I do often set a 10% stop loss for these trades as they can be pretty volatile. Although with the 200 day (red line) acting as a good resistance, just watch out for an hourly candle close below that.
Potential profit = 10%-20%
Recommended hold time = Days (could take hours or days, one trade I had open for 2 weeks before target achieved)
Sell zone 1 is the highest probability of a quick scalp - currently buying volume is picking up and this was the previous support, I suspect will be the resistance. Zone 2 will be wick zone if any big push occurs.
After releasing mainnet they reached $100 mill market cap and the previous peak shows this has now bottomed out - hence the zone 1 as this shows it will return and test the resistance.
Comment:
AE traded close to the first target stop loss. Its broken under the 200ma so im keeping an eye on this.