Cofound.it just spiked and pulled back to the lows. often these coins will spike several times in a row. Now is an opportunity to get in so I opened the trade. Let's see if history will repeat itself. Stop loss and take profit level indicated on chart. Good luck.
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There seems to be a market wide pullback as btc broke through previous support at 10800. I'll give this trade a few more percentage points to the downside but you can either close it or hang on depending on your tolerance for risk.