NEOGAS has broken out of its downtrend, retested, and is on the rise again. I sent the GAS I've accrued to Binance to sell if we have a big rise soon. GAS tends to move very fast, and doesn't sustain its pumps very well, but if it does break up here, I expect it to at least continue the uptrend, meaning it could head all the way to my green zone, only to fall back down to support thereafter. People tend to swap between GAS and NEO during their breakouts, so it will likely happen concurrently.
This is just a potential setup I'm looking at. I'm not buying into this coin (although maybe I will, for quick profit). Mainly looking to sell or swing trade to increase my quantity of GAS.
SELL:
1000-1200 (green zone)
1500 (possible)
STOP LOSS: below broken resistance (currently near 640)
Not financial advice. Just wanted to post this because I will attempt to sell on a big breakout and trade it around. Very small amount.
-Victor Cobra
This is just a potential setup I'm looking at. I'm not buying into this coin (although maybe I will, for quick profit). Mainly looking to sell or swing trade to increase my quantity of GAS.
SELL:
1000-1200 (green zone)
1500 (possible)
STOP LOSS: below broken resistance (currently near 640)
Not financial advice. Just wanted to post this because I will attempt to sell on a big breakout and trade it around. Very small amount.
-Victor Cobra
Comentário:
Honestly, if GAS does break up (meaning breakout above 711), I don't think it would fall straight back. I think it would actually find support around 760 - 800.
