PPTBTC: Mad Gainz! Let it cool off a bit...
Hi guys,
So Populous (PPT) has been absolutely killing it on Binance today! Definitely hurts to miss out on those gains, but I'm not going to buy in at this level, I'll to let it cool off a bit first. The RSI is showing severely overbought at the moment and this could just be the first wave. The 50 and 100 MA are curving up nicely too.
I'm expecting a retracement back to around the 25,000 - 26,000 sats area - this is my entry point. And I'm setting a rather ambitious target of around 41,000 - 42,500 sats mark. That would potentially result in a whopping 70% profit!
As always, I'm going to be setting stop losses in place in case this goes awry and it's just a pump and dump, but there is good news around PPT at the moment so I'm optimistic.
- yiFa
So Populous (PPT) has been absolutely killing it on Binance today! Definitely hurts to miss out on those gains, but I'm not going to buy in at this level, I'll to let it cool off a bit first. The RSI is showing severely overbought at the moment and this could just be the first wave. The 50 and 100 MA are curving up nicely too.
I'm expecting a retracement back to around the 25,000 - 26,000 sats area - this is my entry point. And I'm setting a rather ambitious target of around 41,000 - 42,500 sats mark. That would potentially result in a whopping 70% profit!
As always, I'm going to be setting stop losses in place in case this goes awry and it's just a pump and dump, but there is good news around PPT at the moment so I'm optimistic.
- yiFa
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