VETBTC is ready to take off. Great R/R trade.
Here I explain reasons to enter this long trade and show two strategies with targets, stop losses and entry price.
Reasons to enter
1. Massive Falling Wedge on the weekly and VET at the bottom of its boundaries.
2. Double bottom on support retest on Daily.
3. Two bullish RSI divergences on Daily. Bears are losing steam.
4. Selling volume is decreasing.
5. Wonderful R/R for long term investment.
Strategy 1
Long after we break 0.00000042 (on a retest of support) and put stop at 0.00000034
Wonderful Risk/Reward Ratio = 10.13 or 14.38 or 27.63
Entry: around 0.00000042
Stop loss: 0.00000034
Target 1: 0.00000123
Target 2: 0.00000158
Target 3: 0.00000262
Strategy 2
Long right now at 0.00000036 and put the stop at 0.00000032 (more risky, but more rewardable).
Wonderful Risk/Reward Ratio = 21.25 or 30 or 56.75
Entry: around 0.00000036
Stop loss: 0.00000032
Target 1: 0.00000123
Target 2: 0.00000158
Target 3: 0.00000262
I would take initial BTC entry value as your profit at Target 1. And let the rest run risk-free towards Target 2 or Target 3.
Smash the like button and follow me for free technical analysis.
Trade safe fellas!
Reasons to enter
1. Massive Falling Wedge on the weekly and VET at the bottom of its boundaries.
2. Double bottom on support retest on Daily.
3. Two bullish RSI divergences on Daily. Bears are losing steam.
4. Selling volume is decreasing.
5. Wonderful R/R for long term investment.
Strategy 1
Long after we break 0.00000042 (on a retest of support) and put stop at 0.00000034
Wonderful Risk/Reward Ratio = 10.13 or 14.38 or 27.63
Entry: around 0.00000042
Stop loss: 0.00000034
Target 1: 0.00000123
Target 2: 0.00000158
Target 3: 0.00000262
Strategy 2
Long right now at 0.00000036 and put the stop at 0.00000032 (more risky, but more rewardable).
Wonderful Risk/Reward Ratio = 21.25 or 30 or 56.75
Entry: around 0.00000036
Stop loss: 0.00000032
Target 1: 0.00000123
Target 2: 0.00000158
Target 3: 0.00000262
I would take initial BTC entry value as your profit at Target 1. And let the rest run risk-free towards Target 2 or Target 3.
Smash the like button and follow me for free technical analysis.
Trade safe fellas!
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