Trade Alert. Going Long This Altcoin.

Last Time We Traded This, We Netted Almost 70% Profit.

Traders,

It’s been a little while since we traded this coin. But last time we traded it we spotted that nice Cup and Handle pattern and netted nearly 70% gains at our target top. Quite honestly, I love this coin and have waited very patiently for it to come back down to an important support level I have spotted here on the chart below. This support level is pretty important. Should it break, it would be quite a ways down before we found further support. That’s why I have such a tight stop. In fact, my rrr is 6.5. We have the potential to nearly double our profit in this trade this time around to our final target. Even with that tight stop, I believe we’ll be able to stay in this trade with our strong support. And once we break that descending trendline, it’s to the moon we go!

Also, notice that both our RSI and the Awesome Oscillator show hidden bullish divergence. The probability is definitely in our favor here.

My strategy will be to trade the levels again (see the last post on how I am doing this). If we get a 20%+ day on this coin, I would sell half and re-enter at a level below. Just stay tuned here and watch me trade for more on how I do this.

And now to the coin…