KnifeOfPi

REQ Long Entry on strong rebound, consolidation & cloud support

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BINANCE:REQBTC   Request Network / Bitcoin
REQBTC is looking like a pretty solid 3+ day trade right now. It has been consolidating(like a lot of other coins) over the last couple of days and has followed the 2hr cloud to an absolute T. This would indicate that in a day or so a price increase is imminent. There aren't any known fundamental catalysts in the short term that would drive the price to ATHs, so i'd start scaling out about %20-15 shy of ATH from its current price. The strong rebound after the S Korea dip and following consolidation shows a very clear support at its current price point. The medium-long term outlook for this coin is extremely bullish, if you're looking for a good time to enter with that strategy, now seems to be it.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.