vTorrent is expected to receive some huge news given the recent teaser tweets from the developer. It tested the 3600sat resistance twice now and could potentially break it given that the news will match the built up hype. If you go for this trade you need to realise that this is an extremely high risk high reward trade because the trading volume is very low and there is no momentum without news. Try to enter around 2700sat, stop loss 2400sat, first profit taking 5000sat. This could be a big one as VTR has a market cap of only 5 million USD so with huge news a 20x return on your investment is not impossible (check out the recent EMC2 performance for comparison).
Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!
Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!
Trade fechado: stop atingido:
Stop loss - new client does not feature torrent functionality. vTorrent still a great hold but personally I recommend to sell.