RDD Bouncing off the 50 EMA again?
Updated
Looking at the graph there is a small pennant starting to form and we are also getting very close to the 50 EMA.
So I would expect a small bounce in the next day or two
I would buy some now and try a few more at 92.
Then aim to sell 50% at 106 and the rest at 109
This coin is definitely on a down trend for the foreseeable future, so I would be careful to expect too much out of a week-end bounce.
So I would expect a small bounce in the next day or two
I would buy some now and try a few more at 92.
Then aim to sell 50% at 106 and the rest at 109
This coin is definitely on a down trend for the foreseeable future, so I would be careful to expect too much out of a week-end bounce.
Trade closed: target reached
The bounce has now happened, we reached 109Is there room for a little more, maybe, but I wouldn't risk it.
This coin will continue to descend and we must look for the next 'jump'.
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