spectertrading

[FLO/BTC] Altcoin 7:1 risk reward

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spectertrading アップデート済   
POLONIEX:FLOBTC   None
First thing to consider is the volume of this coin, therefore the size of the position - it's a smaller coin so you should watch for 5 figures orders, you might get stuck.

A week old up trend has just formed and the Stochastics show it's extremely oversold and also it approaches a very solid resistance drew by fibonnaci's retracement.

Wait for first candle to close above the support and set a buy order 1000 satoshis above it, if it fails to bounce you're safe. Watch closely because it might bounce a little before too.
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Still observing judging the longer uptrend and oversold RSI.

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