Traders,
A little freebie here. I was stopped out of this coin at around 1 penny but some of you entered the trade when I did and did not get stopped out so I wanted to provide some targets for those of you still in the trade. And if you are looking to still enter, where might an entry be?
So, two days after recommending, NOT coin had one last liquidation event before popping up and out of this bullish descending wedge nicely. It then proceeded to rally 85% from its wick low to its current price as of this post and a full 35% from where I recommended entry!
As I’ve stated previously, altcoins are few and far between right now for long entries. But there are a few you’ve heard me mention which have good setups. NOT coin was one of these and is why I entered initially. I set my stops pretty tight because this is the last of my cash reserves in my trading portfolio and got stopped out. Obviously, it sucks when this occurs but some of you weren’t so unlucky. Congrats to you.
If you are still looking to re-enter this coin, 15 cents appears to be a great level. You will see that volume has created a nice level of support at that price.
For those of you still in the trade, I have drawn four levels above my entry, the first level we’ve already hit at 15 cents. Target two comes at around 19 cents. Target three at 21. The final target is 25 cents plus.
Best of luck to you all!
Stay tuned and I’ll do some more analysis on some of my other recommendations, like BONK, up 15% today so far.
Stew