forexampletrader
Long

XVGBTC hits 61.80% Retracement level - Opportunity to buy

BINANCE:XVGBTC   Verge / Bitcoin
In the cryptocurrency world where speculation is king, technical analysis most of the time is our best friend.

Here is a simple scenario where XVGBTC touched the 61.80% retracement level, possibly a big resistance. A nice opportunity to enter, aiming to the 161.80% extension level.

(You can set up stop loss a few points below 78.60% level - where I find this optional, specially in these crypto markets).
Jan 18
Comment: This trade is looking good - seems that it bounced on that resistance level.
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