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Is ZCoin about to jump?
Opportunity to buy Zcoin. Looks at a very good level right now. Currently accumulating for the past 10 days, which will hopefully result in a nice big move.
Reasons for trade
Price holding at a previous support/resistance zone
Many days of accumulation (small sideways movement, with high volume)
Bullish divergence on RSI
RSI trend broken
Trade Management
Entry: 138,970 - 143,723 sat
Stop loss: 130,000 sat
TP1: 171,297 sat (2.3x) Short term
Remember to set a stop loss. These are turbulent times. Although the short term trend has been bullish, we are still on a longer term downtrend and we need to protect ourselves from sudden drops. Even if we get stopped out and make small losses occasionally, overall we will survive to win and profit.
Trade safe!
Weekly chart
Reasons for trade
Price holding at a previous support/resistance zone
Many days of accumulation (small sideways movement, with high volume)
Bullish divergence on RSI
RSI trend broken
Trade Management
Entry: 138,970 - 143,723 sat
Stop loss: 130,000 sat
TP1: 171,297 sat (2.3x) Short term
Remember to set a stop loss. These are turbulent times. Although the short term trend has been bullish, we are still on a longer term downtrend and we need to protect ourselves from sudden drops. Even if we get stopped out and make small losses occasionally, overall we will survive to win and profit.
Trade safe!
Weekly chart
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