Theta Fuel (TFUELBTC): Getting ready for another leg up?

TFUEL has been on parabolic since its listing. Let's see what the chart says.

Pattern:

• TFUEL has been retracing quite deep (down to 38.2%) and has bounced back up at 38.2% and then it has been trying to break the 50% retracement which is also the EMA10.
  
• Doji morning star (bullish reversal) can be spotted at the bounce level
  

Indicator:

• MACD: Potential bullish crossover
  
• RSI: Plenty of room for growth
  

Trading plan: Bullish movement is confirmed once the price actions are above EMA10.

Buy range: 220-235

Target: 254-278-309-365-399

Stoploss (10% from entry): 198-211

코멘트:

The volatility created by BTC's this morning surge drives TFUEL (and a majority of alts) down.
However, the way I see it: BTC moves = Alts bloodbath = Alts shopping spree at discounted price!

As for now, we're looking for a potential buy zone which is between 185-195 sats. This buy zone is also the final support for TFUEL. If broken, it will go down hard, very hard.

However, before opening any position, first thing to observe is a bullish reversal must be confirmed at this support level.

Let's see how the price actions will go for the next few hours.

액티브 트레이드:

TFUEL has been hovering between our final support zone (177-187 sats) which shows that it is indeed a strong support.
We can see the past few hours it has been above EMA10 = bullish sign on the 1H time frame.

I got a small bag @185 sats with a very tight stop-loss (5% ~170-175 sats) due to possible volatility that BTC could cause at this moment.

We shall continue to observe TFUEL and BTC too :)

거래청산: 스탑 닿음:

Stop-loss hit due to BTC unpredictable movement which caused the usual alts bloodbath.
Some loss but stop-loss saved us from further bloodbath :)

See you in the next trade!