Hello, fellas!
We are in a alts bottom's season. I believe COVAL is bottomed, and we can get a good opportunity for short and mid term. RSI is oversold, and we got 3 tests in support line. Maybe we can test the third time the resistance at fibbo 50%. Possible repeat the J movement after the drawed falling wedge.
So, i will try to enter in demand zone, under 105sats, in a trade like that:
Short term
Entry: <= 105
TP 1 - 121
TP 2 - 131
TP 3 - 142
Mid term
Entry: <= 109
TP 1 - 142
TP 2 - 175
TP 3 - 198 (80% profit)
CM - 15%
If you want a SL, my suggestion is 95 for both terms.
Don't play with you cannot afford!!!!!!!
Warning: I do recommend Capital Management!
"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient" - BUFFETT, Warren
We are in a alts bottom's season. I believe COVAL is bottomed, and we can get a good opportunity for short and mid term. RSI is oversold, and we got 3 tests in support line. Maybe we can test the third time the resistance at fibbo 50%. Possible repeat the J movement after the drawed falling wedge.
So, i will try to enter in demand zone, under 105sats, in a trade like that:
Short term
Entry: <= 105
TP 1 - 121
TP 2 - 131
TP 3 - 142
Mid term
Entry: <= 109
TP 1 - 142
TP 2 - 175
TP 3 - 198 (80% profit)
CM - 15%
If you want a SL, my suggestion is 95 for both terms.
Don't play with you cannot afford!!!!!!!
Warning: I do recommend Capital Management!
"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient" - BUFFETT, Warren
Trade active:
CM is righly recommended!
I put 5%.
I put 5%.
Short term
TP 1 - 108
TP 2 - 112
TP 3 - 115
Mid term
TP 1 - 116
TP 2 - 124
TP 3 - 135
TP4 - 144 (50% profit)