Watching prices and how they react with this trend line. Entry season is anywhere on this trend line
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Last stop before this coin goes nuts. Excellent risk to reward opportunity!
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This chart is against the dollar but its shows a clear Cup and Handle formation following the previous fractal before it. This coin is setting up for nice gains!
@tylergriffsmith, Personally I'm HODLing this coin for long term keep but I have a high sell order at 8,000 sats for half my position. It's my personal theory that the big wick you see on the chart is really testing where prices could potential go to once Pot starts its new market cycle. I see this as a big mover similar to XLM or BTS before their crazy run a few months back. Its following the same bottom formation breakout where it rides the trend line before a new market cycle
Poptop169
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@JolleyCrypto, Cool, thanks for your opinion. I have a few different coin plays in my plan atm, so when my capital is free'd up after these around Mid Dec I will look at PotCoin again.
- T
Poptop169
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@JolleyCrypto, Thoughts on a ADX short?
UnknownUnicorn846565
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@tylergriffsmith, Looks like it could have possibly finished its last Elliott Wave in its upward movement in shorter timeframe. Tight stop and it might be a solid trade
UnknownUnicorn846565
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@tylergriffsmith, It might also pump to previous wedging resistance so its somewhat of a riskier trade compared to other coins to hold