Here LAI's a nice trade
just look at it. roughly 30% to the next high time frame resistance level. Holding support zones and large EMA's, and making moves as bitcoin consolidates sideways. This is a great long setup, though it may take a few weeks to play out properly. The entry on a 4hr+ timeframe, allows for alot of wiggle room to let the trade work. With stops for many around the consolidation of the EMA's around 1.8-1.6, and a ton of upside room, it's hard to ask for a better entry.
A big drop in bitcoin, which may confirm a lower high on the HTF's, would see this hit those stops. So make sure you have stop losses! Even in spot. These alt coins, both spot and levered, burn everyone all the time.
A big drop in bitcoin, which may confirm a lower high on the HTF's, would see this hit those stops. So make sure you have stop losses! Even in spot. These alt coins, both spot and levered, burn everyone all the time.
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