ANOTHER ALTCOIN THAT'S STRONGLY HOLDING ITS GROUND AMIDST RESISTANCE BUDGE OF #BTC!
This altcoin has provided us 2 long opportunities with a profit of 15.64% and 29.32%. There are several factors that has made us recognize these opportunities which aren't limited to overall bullish market sentiment of the crypto market last month. Factors that are included are: previous state of being oversold, series of bearishness and its ranging market structure for 168 days. Knowing these facts, we were able to confidently position a long position with minimal risk and high reward ratios of 3.27 & 2.26. As what we can see with its current market structure. There's a possibility for this altcoin to continue ranging in between the levels of 0.0001443-0.0003811. Although, a possibility for a renewed interest of buyers to intensify the buying pressure may likely happen sooner.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.