Steem Buy only after Break of R1 with possible strong wave

Steem

R1 level has
1. 20 EMA line
2. Previous support level is broken then retested couple of times
3. Also our resistance trend line in red

Because how many different factors are in play, I would suggest buy after a breakout.

I would expect possible strong pump afterwards

So possible scenario from here is test of resistance
accumulation above the .00050 level
then break out

Stop loss would be a break below the green support trend line


Solid project

for short term trading purposes suggested trade would be a break out of R1 with a target of R 2

Long term trading targets goes around the 8s so go with .00078 , .00088 and .00098 for now

Please do your own research



BEST OF LUCK EVERYONE

Trade active:

Closing on our trigger
Keep a close eye at the start for fakeouts
Though daily chart continue to support a continuation of upward trend

Trade active:

Strong red bar today
possible retest of the 0.0050 line again

suggest sell and buy above.0052 Mark