롱

Short Term breakout

업데이트됨

Looks like STR/BTC is heading for a short-term breakout. We might see a trend reversal depending on Bitcoin's movement in days to come. Exciting times.

Is this the start of the STR bull-run? Let's see if it holds above resistance point at the end of this 1H candle first.

노트

Low lending rates on Poloniex's lending books are a good sign.

Low STR lending rates = lesser margin short trades

노트

We have breakout! =]

노트

Happy to have seen this long awaited reversal.

0.00000425 which has been it's resistance level for the past few days will likely turn into it's new support level for this potential bullish rally's setup. Entry price can be placed a little above the support with a tight stop loss.

Volume has also shown an increasing trend right now which is very much welcomed.