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LOOM will moon soon? You bet!
Yesterday LOOM debuted in Binance and since the last 24h the coin surged about 40%. I would trade it this way. Wait to see some consolidation, like when it traded in the range 4532-4794.
For a less risky management, you can always set your buy orders at the 0.5 Fibonacci level, at 5005 satoshis, waiting for a retracement in that level.
Remember though that, as a new coin listed, the volume is not quite high, so a lot of manipulation can occur. It is however, a coin with good fundamentals and in the mid to long-term it will certainly keep with these gains.
This is not a financial advice, only for your educational purposes.
For a less risky management, you can always set your buy orders at the 0.5 Fibonacci level, at 5005 satoshis, waiting for a retracement in that level.
Remember though that, as a new coin listed, the volume is not quite high, so a lot of manipulation can occur. It is however, a coin with good fundamentals and in the mid to long-term it will certainly keep with these gains.
This is not a financial advice, only for your educational purposes.
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