After initial breakout WINGS/BTC has formed a tightening equilibrium pattern on the 15 min chart, currently this is showing as an inside bar on the 4HR chart.
If you are into quick in and out trades on alt coins like I am then this could be a nice easy low risk trade.
Buy zone is noted on the chart, RSI hovering around 50, MACD at 0 and this coin is ready to roll!
Set your stop at or around the 7313 mark and be careful as this is a low volume coin and liquidating large positions will cause price slippage.
Sell at around 10% profit margin or hold and walk your stop loss up with it.
Happy Trading!
If you are into quick in and out trades on alt coins like I am then this could be a nice easy low risk trade.
Buy zone is noted on the chart, RSI hovering around 50, MACD at 0 and this coin is ready to roll!
Set your stop at or around the 7313 mark and be careful as this is a low volume coin and liquidating large positions will cause price slippage.
Sell at around 10% profit margin or hold and walk your stop loss up with it.
Happy Trading!
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started creeping up slowely, hourly higher lows now lost.