Long
SNGLSBTC - Buy Opportunity - 44% ROI - 4:1 Risk/Reward
Even in a downmarket there are still opportunities to accumulate more BTC.
SNGLSBTC appears to be in the accumulation phase after a length time in the doldrums. There have been a number of failed breakouts higher and is starting to squeeze at the base of the accumulation zone. This is a trade opportunity for those that trade, not necessarily HOLD.
Reasons I am considering a short term long position using a stop-limit order:
1. BTCUSD is in consolidation after strong selling pressure
2. Breakout triangle forming at base of consolidation zone
3. Tight squeeze with previous failed breakouts
4. High return on investment (44%) with 4:1 risk/reward
Enjoy.
You can now follow me on Steemit: steemit.com/@crypto-toast
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
SNGLSBTC appears to be in the accumulation phase after a length time in the doldrums. There have been a number of failed breakouts higher and is starting to squeeze at the base of the accumulation zone. This is a trade opportunity for those that trade, not necessarily HOLD.
Reasons I am considering a short term long position using a stop-limit order:
1. BTCUSD is in consolidation after strong selling pressure
2. Breakout triangle forming at base of consolidation zone
3. Tight squeeze with previous failed breakouts
4. High return on investment (44%) with 4:1 risk/reward
Enjoy.
You can now follow me on Steemit: steemit.com/@crypto-toast
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade closed: target reached
Well that escalated!
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.
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.