Watching RENBTC here for a possible long as it approaches daily support at 929.
Looking for entry in 929~940 area, or entry on the break of the downtrend. Would like to see it hold this area as support for a few candles as accumulation before entering. A daily close below 929 and I'd expect further downside.
Entry: 929~940 area OR break of downtrend
Stops: Below 929 (3~5% depending on your risk tolerance)
Targets:
1043
1108
1266
BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX
RVN Tips (just started mining this baby for fun :) : RPtFfvxZAdBwNdQpG1jMwEnxhviCwkkcoJ
Happy trading!
Looking for entry in 929~940 area, or entry on the break of the downtrend. Would like to see it hold this area as support for a few candles as accumulation before entering. A daily close below 929 and I'd expect further downside.
Entry: 929~940 area OR break of downtrend
Stops: Below 929 (3~5% depending on your risk tolerance)
Targets:
1043
1108
1266
BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX
RVN Tips (just started mining this baby for fun :) : RPtFfvxZAdBwNdQpG1jMwEnxhviCwkkcoJ
Happy trading!
Comment:
Support broken, no trade for now. Looking at 861~873 area for next possible support. A lot of uncertainty in market with BTC dumping so don't want to rush into any trades.