Long
Substratum - Decentralizing The web, but is the Fud over?

Substratum has taken a beating in recent weeks with negative press, shortly followed by decline in price harder than most. Public alpha relapse version of the network has not been finalized which is providing new investors with uncertainty. I believe the token is being listed on another exchange according to Coinmarketcap which could bring more liquidity to the market. However good things come to those who wait; and time their moves correctly. This FUD provides a trade opportunity. If the uptrend continues breaking the green triangle into the 0.382 Entry Zone on a larger Timeframe; A safe Long entry can be considered. Figures and targets on chart and Below. Enjoy
Target 1 = .00017462 Stop: .000069000 4:1 Risk / Reward
Target 2 = .00034500 Stop: .000069000 11.7:1 Risk/Reward !! (Long Entries are winners)
Target 1 = .00017462 Stop: .000069000 4:1 Risk / Reward
Target 2 = .00034500 Stop: .000069000 11.7:1 Risk/Reward !! (Long Entries are winners)
Note
If you're Not afraid of a small risk, entering before 8k would be more than viable. I can feel a sentiment shift Coming.Note
SUB Held that bottom called on Feb 21st beautifully and has been slowly trading upwards since vs bitcoin and the dollar. am i looking for a position here? No, i will be buying back on support at around 4800 unless a break occurs which would provide a short term trading opportunity, we could see ATHS here but as mentioned in other posts the market is not convincing me to go long here.Note
(SUB just kissed below the 0.382 drew up on the original chart)Order cancelled
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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.