Traders,
The final target on this trade will give us %38 profit if reached. Here’s why I believe it will happen.
Bitcoin is still in an uptrend and leading the way
Bitcoin is using the 50 DMA and Ichimoku cloud as support
Bitcoin remains in my bullish channel (also a handle on a longer timeframe)
Bitcoin RSI remains on TL support
All of this indicates Bitcoin will move higher leading the way for alts. And this particular alt was hot in the past bull move and will be again. Here’s why I believe it is a good setup to consider for entry:
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