After a small retrace, Tierion (TNTBTC) is now back up challenging MA200 again. Conquering this level can push prices higher up. We are aiming for 66% if the "main target" is hit.
If TNTBTC fails to conquer MA200 (0.00000642), move and close above this level, we are likely to have an additional retrace that will hit around 0.00000442 - 0.00000476 before the next jump.
We remain strongly bullish on this altcoin pair unless prices move and close below 0.00000380, that would be our stop-loss.
Good afternoon Master. You could make an analysis in relation to this monstrous fall. I would like to find an entry position again for TNT. Will this drop cause a deeper correction?
AlanSantana
⋅
@hugujunior, Not likely... This looks like a whale exiting his/her position.
It is important to wait for the daily candle close.
hugujunior
⋅
@alanmasters, Thank you. I ended up in a complicated position, I rushed and bought an average of 780 sats, imagining that soon after the eviction there would be an immediate return, I have seen it happen several times, but this time I fell off the horse. Thank you again.
AlanSantana
⋅
@hugujunior, Yes I understand, been in that same situation many times before.
AlanSantana
⋅
The daily closure can give us a better idea, it is too early to say. @hugujunior,
tokitoki49
⋅
Alan where sell 1020?
AlanSantana
⋅
@tokitoki49, That is up to you. This depends on your goals and strategy.
We sell a portion of our holdings at each target.
Some people sell everything fast while others wait long and sell higher...