clopezf25

GTO / BTC Idea for a quick short-term profit

Long
clopezf25 Updated   
BINANCE:GTOBTC   None
The price of GTO has seen a nice push up in the past hours, followed by proper volume of buyers. Although the price has dropped quite a bit, the volume of sellers does not come close to the volume of buyers.
There is a binance Event this week regarding GTO, which caused the spike in price; and hopefully the interest caused by this event is enough to generate another wave up in the price of GTO ;D

We can hope that people are not getting rid of their GTO's and these might be a price that is good for accumulation.

We can enter the trade at prices below the 0.5 FIB and hope for short-term targets at the next FIB levels; with the following setup:

Buy: below 0.00004368

Target 1: 0.00004718
Target 2: 0.00005151

Stop-loss @ 0.00003521

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Trade active:
Target 1 was reached!

You can keep an eye on the price to buy if the buy zone is reached again.

Good luck!
Trade active:
Stop is about to be reached.
Trade closed: target reached:
Second target reached

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