Centrifuge Token Now Hitting Huge Resistance! Here's How I Trade This.
#centrifuge #cfgusd #wcfgusd #cfgbtc #wcfgusdc
Can't remember if I recommended this coin in my "This Week's Hotness" video or if this was simply a trade I put out to my Paid Subscriber Group? In any case, I was entered this trade only hour before Target #1 was reached at 56.8 cents. Some of my paid subs set their sell limit there and took profits. Others, like me, missed that opportunity and had to wait another day. That's ok though. One day later Target #2 was achieved at the 100 day moving average, where, quite honestly, I took my 28% profits and ran.
However, CFG/WCFG was not done yet. It has managed to pump all the way past .80 cents (at the time of this writing) which indicates significant resistance. So, going forward, here's what I am looking at.
I think CFG has now met it's match at that .80 cents resistance. Despite my name, I am not a profit. However, probability does suggest we'll retreat now. Possibly coming all the way back down to that 100 day moving average at 65 cents and descending.
Those with patience will be rewarded with a nice re-entry target here.
And if it doesn't make it down that far, that's okay. Plenty of opportunities out there right now guys. Stay tuned.