SNGLSBTC - Buy Opportunity - 44% ROI - 4:1 Risk/Reward
Even in a downmarket there are still opportunities to accumulate more BTC.
SNGLSBTC appears to be in the accumulation phase after a length time in the doldrums. There have been a number of failed breakouts higher and is starting to squeeze at the base of the accumulation zone. This is a trade opportunity for those that trade, not necessarily HOLD.
Reasons I am considering a short term long position using a stop-limit order:
1. BTCUSD is in consolidation after strong selling pressure
2. Breakout triangle forming at base of consolidation zone
3. Tight squeeze with previous failed breakouts
4. High return on investment (44%) with 4:1 risk/reward
Enjoy.
You can now follow me on Steemit: steemit.com/@crypto-toast
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
SNGLSBTC appears to be in the accumulation phase after a length time in the doldrums. There have been a number of failed breakouts higher and is starting to squeeze at the base of the accumulation zone. This is a trade opportunity for those that trade, not necessarily HOLD.
Reasons I am considering a short term long position using a stop-limit order:
1. BTCUSD is in consolidation after strong selling pressure
2. Breakout triangle forming at base of consolidation zone
3. Tight squeeze with previous failed breakouts
4. High return on investment (44%) with 4:1 risk/reward
Enjoy.
You can now follow me on Steemit: steemit.com/@crypto-toast
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade stängt: målet nått:
Well that escalated!
