Another Good Altcoin Trade Spotted On The 4 Hour Chart

#GODS #Altcoins #crypto #trader

Good Morning Trading Fam,

Well yesterday, I posted a trade that I picked up on from one of my followers in the paid subscriber chat. BTW, if you donate to my work by becoming a paid sub ($10), I think you’ll find it well worth it if only to participate in the chat. The community is great and they are often posting their own trades here that you’ll have an opportunity to observe and engage with.

We made a quick 18% on our trade yesterday. And, although I don’t often post these quick trades because they are harder to follow, I have decided to post a few good ones here an there just to give my followers as much opportunity as possible to print some cash. So, here’s another trade that another one of my followers has been tracking closely and has posted frequently about. I believe there may be some good opportunity for a quick turn around on this trade as well. The coin is GODS.

You can see from the chart above that it is squeezed into a fairly tight descending wedge on the 4 hr. This is usually very bullish. Additionally, that white ascending trendline comes from our daily chart and is being utilized as support. I expect a bounce from here. Finally, my indicator has printed a green dot. Though, we do not find ourselves in a green liquidity block yet, most of the indicators below show that we are fairly oversold.

If I were to enter here, I would target that VRVP PoC at around 16.4 cents for a quick 21% profit. I would set my SL just over 12 cents making this an easy 1:2 rrr.

Best,

Stew