CryptoKraze here
Possibility on Daily Chart
If you look at daily chart, you will see SNT has formed perfect cup and now we need little pull back to form a handle. This is very common pattern in crypto currencies, whenever a coin makes this cup and handle pattern, a strong breakout is expected. If we look at RSI, it has gone above 70 level and it has to retrace now around 50 level before next move. Let's have a look on Bollinger bands, you will notice that last impulsive move took the price to top bands and now it has to pull back to median line, so we have a possibility of next impulsive move after handle formation on the cup.
- I have a buy entry at 0.00001500 with my profit target will be around 0.00002750 or above.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by cryptokraze from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.
You got a 0.45% upvote from @upme requested by: @cryptokraze.
Send at least 1.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness