x45lu

Substratum! (Potential) Quick 20% Profit in next few days

x45lu Updated   
BINANCE:SUBBTC   None
Hello Traders,

Substratum is a very cool project that allows anyone to allocate spare computing resources to make internet a free for people.
Looking at the 4 hour chart, I see that Substratum just recently broke out from down trend line, and re-testing pretty strong resistance at 4960 Satoshi.
If Substratum manages to surpass this resistance line in 4 hour chart, you can expect some profit.

Here is how I do this trade:

Entry: 4900-5000 Satoshi

Target 1: 6100 Satoshi (20% Profit)
Target 2: 7500 Satoshi (50% Profit) --> This trade may take some time.

Happy Trading!
Trade active:
I mentioned first target would be 6100 Satoshi. But I will take some profit around 5400 Satoshi just to be safe.
Comment:
Seems like 5400 Satoshi is acting as a heavy support.
Break out confirmation is when Sub manages to surpass this resistance. My target still remain the same.
Trade closed: target reached:
Good enough. I will take profit!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.