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$VIB Interesting times ahead for this coin, TA wise. Volume isn't looking great, but RSI is stable in the middle and MACD is stable as well.
Scenario 1: bouncing on the support trendline and breaking out upwards, we'll face 3500-3700 then pretty soon (as this is the next resistance)
Scenario 2: small breakout and retest, with a jump afterwards to 3500.
Scenario 3: No volume and we'll drop down to the 2500 zone. In that case put your stop/loss in the blue boxed zone to rebuy back later.
Scenario 1: bouncing on the support trendline and breaking out upwards, we'll face 3500-3700 then pretty soon (as this is the next resistance)
Scenario 2: small breakout and retest, with a jump afterwards to 3500.
Scenario 3: No volume and we'll drop down to the 2500 zone. In that case put your stop/loss in the blue boxed zone to rebuy back later.
MichaelvandePoppe
So, it did go for Scenario 3, which is dropping out of the trend line and bouncing on the support line. That's why we use stop/losses. I've cut my losses, bought back on the support area (red box) and made a quick 10% now to be in a small profit again. Will keep this on the side for now, as I think it will go sideways or even retrace more, so not very interesting to trade right now.
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