GTO / BTC Idea for a quick short-term profit

BINANCE:GTOBTC   Gifto / Bitcoin
The price of GTO has seen a nice push up in the past hours, followed by proper volume of buyers. Although the price has dropped quite a bit, the volume of sellers does not come close to the volume of buyers.
There is a binance Event this week regarding GTO , which caused the spike in price; and hopefully the interest caused by this event is enough to generate another wave up in the price of GTO ;D

We can hope that people are not getting rid of their GTO's and these might be a price that is good for accumulation.

We can enter the trade at prices below the 0.5 FIB and hope for short-term targets at the next FIB levels; with the following setup:

Buy: below 0.00004368

Target 1: 0.00004718
Target 2: 0.00005151

Stop-loss @ 0.00003521

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交易开始: Target 1 was reached!

You can keep an eye on the price to buy if the buy zone is reached again.

Good luck!
交易开始: Stop is about to be reached.
交易结束:到达目标: Second target reached
What would you recommend now? i got it at 3910 and its falling like anything :)
+1 回复
Is the run over or could it pump again before the contest is over on 2/19? It looks to be consolidating but may just be going down?
clopezf25 atkelley22
@atkelley22, I agree that it seems to be consolidating and we might see another increase before the contest is over.

Since the price is around that Stop-loss, you might want to take a higher risk chance and invest a small quantity now just in case. However, I would keep a very tight stop-loss if entering now.
FYI - There was a Binance contest for GTO that started yesterday which was the reason for the spike. I think it lasts for a week. is this still your position?
clopezf25 CharlieHustle
@CharlieHustle, Hey! Yes, there was a Valentine's week contest that pushed the price as seen on the graph. Thanks for pointing it out! I should have mentioned it on the analysis. i do still hope to reach the targets marked, yes.
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