BCN waiting for good opportunity Part 2 of 3
BCN finally dropped close to 30% which is good news if you are waiting for the enter as I do.
BCN is approaching the first buy level which is around 15 +/- 1.
It is hard for me to say if the BCN will go below 10 or stop at 15 or maybe go down to 5.
BCN is solid coin and volume is rather big so I think another price spike will most likely happen
I would not set any SL for this position. There is possible that the pair may drop to even 1 but it may be veery short lived and value will skyrocket but your position will be closed. Trust me this is the situation you want to avoid.
look at the weekly chart it seems that the 200 ema decided to show up.
I think it will be not bad idea to set buy order close to 15 at this stage.
If the pair will dive deeper there is another good entry level close to 9.
BCN is approaching the first buy level which is around 15 +/- 1.
It is hard for me to say if the BCN will go below 10 or stop at 15 or maybe go down to 5.
BCN is solid coin and volume is rather big so I think another price spike will most likely happen
I would not set any SL for this position. There is possible that the pair may drop to even 1 but it may be veery short lived and value will skyrocket but your position will be closed. Trust me this is the situation you want to avoid.
look at the weekly chart it seems that the 200 ema decided to show up.
I think it will be not bad idea to set buy order close to 15 at this stage.
If the pair will dive deeper there is another good entry level close to 9.
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