bejaneps

SYSBTC Possible fakeout

Long
bejaneps Updated   
BINANCE:SYSBTC   Syscoin / Bitcoin
So, currently I keep eye on SYSBTC, that coin is is hype beast, it can easily release any news in 1-2 days time and price can easily pump.

I consider recent breakout from triangle as possible fake, though daily closed under 900. Take a look once at IRISBTC, it recently broke uptrend channel, but 1 good news pumped it ~90%.

That's mostly my personal opinion and not too much of TA.

On the other hand, there is good hanging man on 4H, which can possibly lead to some short term gains. In any case keep your stop-loss tight, around 870-880 and as usual targets are Fib levels.

Good luck !
Trade closed: stop reached

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