Strategy: Long
Exchange: BINANCE
Account: Spot
Entry mode: Market order in range
Invest: 2.5%
Exit:
• Target 2 : 0.1873 34.17%
• Target 1 : 0.158 13.18%
Entry: 0.1396 ⌁ 0.1396
• Current market price: 0.1396
Stop: 0.1247 (-10.67%)
Technical indicators:
Sustained trendline breakout, with natural resistance points as targets.
Here we are basically betting on WasirX maintaining its uptrend. I think this is a fairly solid bet based on the exchange seeing a return of retail investors from its Indian base as BTC breathes life back into the crypto market.
The potential risks (outside of the usual BTC breakdowns (look out for a high NFP reading in an hour or so, over 180k might strengthen the dollar against BTC) market FUD or regulatory overstep) come from the confused ownership picture. I'm fairly sure that Binance is / was running the show so there may be a sensitivity to Binance's issues in the west.
The usual play, trailing SL to minimise your exposure to breakdowns.
• ⎿ 24h Volume: 1294520.37259
• ⎿ Satoshis: 0.1396
• ⎿ Analysis: TradingView
Exchange: BINANCE
Account: Spot
Entry mode: Market order in range
Invest: 2.5%
Exit:
• Target 2 : 0.1873 34.17%
• Target 1 : 0.158 13.18%
Entry: 0.1396 ⌁ 0.1396
• Current market price: 0.1396
Stop: 0.1247 (-10.67%)
Technical indicators:
Sustained trendline breakout, with natural resistance points as targets.
Here we are basically betting on WasirX maintaining its uptrend. I think this is a fairly solid bet based on the exchange seeing a return of retail investors from its Indian base as BTC breathes life back into the crypto market.
The potential risks (outside of the usual BTC breakdowns (look out for a high NFP reading in an hour or so, over 180k might strengthen the dollar against BTC) market FUD or regulatory overstep) come from the confused ownership picture. I'm fairly sure that Binance is / was running the show so there may be a sensitivity to Binance's issues in the west.
The usual play, trailing SL to minimise your exposure to breakdowns.
• ⎿ 24h Volume: 1294520.37259
• ⎿ Satoshis: 0.1396
• ⎿ Analysis: TradingView