Coin will be AST/BTC this coin has broken its downward trend that its been on for quite some time and is looking good on the daily and the 4H....
As you will see circled in blue was when it broke its , since then it has been building some serious momentum ready for a break.
We have circled in red the which will support this move and we are highly likely to break high of the triangle (shaded red area.
We buy the first candle to close above the triangle.
The black line this is your stop loss but don't set the stop loss of course until we have a candle closed over the black line.
So here we are going to be running a very tight stop loss therefore when and if we enter into this trade you have a 25% upside potential and a downside of around 2%.
So risk is 2% reward is 25% if you like these odds follow this trade but ensure to follow its instructions, We can hit these targets and more this coin is on a bottom.
Now there is a small possibility that this coin breaks low of the triangle in this case we clearly don't buy and anyone holding would sell...
All indicators are telling us that we are gearing for a break. I can see momentum there but I have never traded this coin so I can't tell you what sort of move it will be but based off chart history its made some big moves very quickly and the upside is huge.
Please don't be confused with this trade we have a black horizontal line and a triangle we need to close outside the triangle before we buy. Then the next candle that closes over the black line we set our stop loss to the black line. If this coin takes off the candle that breaks triangle might break it and closes over the black line. When you enter this trade you need to watch it until we are past the horizontal black line.
If the trade was to fall for some reason before we close over the black line DO NOT let your coin go lower then the bottom of the triangle.
Any questions comment away.
Cash Is King! Since posting we have an average daily profit of around 20% at the moment of our trades so we are going great!
The reason for the early break out was when this trade was posted loads of buy orders were submitted. So now we will continue to consolidate.
The signals we had of the break out taking place like bullish divergence and volume are all still there and I expect us to break high as planned.
If i didn't post this trade here we would still be bouncing around inside the triangle instead we drove the price up we are now bouncing around above the triangle before we see a move.
This guarantees us profit as we entered below so now enjoy this trade.
If we hit all targets and still look strong I will provide more targets
Move up stop losses and I will get targets
Remember we don't do this as a sport we do it for a living and to get rich so collect profits along the way.
0.00003949 Target 5
0.00004196 Target 6
0.00004476 Target 7
0.00004825 Target 8
0.00005202 Target 9
BTC has caused this trade to back down and lose momentum. Will it bounce back yes of course will we trade it again yes of course.
For now I am closing this off so new followers don't get confused!
Cash Is King!
Each target is a resistance line, they then become support you enter when a candle closes over the top of the target, then wait incase you see a retrace the next up bar you then enter and put your stop loss 1-2% below the target you entered above....
I will close this trade but we will see AST again in the near future