Is this a new market cycle for Stratis?
Hello and goodevening dear steemians.
Today I have my eye on a very popular project, as it might have just begun it's next market cycle, for a very promising project with a humongous support from the community. Stratis is poised for great things, but is this the time?
- We might have confirmation and a good entry point if such occurs, but let us take a look first
The downtrend triangle was broken, thus giving us the first indication of a possible reversal. I will still be wary of entering, as this might have been a fake breakout, leading to Stratis to retest previous support.
In the 2h chart the MACD shows a bullish trend reversal pattern, from current retracement. The stochastic RSI supports a pump and the RSI shows that Stratis is still not overbought.
Trade idea
My initial idea was to buy 60% on this retracement. But a trader who I respect alot, advises to buying in next retracement if it pumps to ride the 3rd-5th elliot waves, putting the buy price @ around 0,00091 BTC:
Bought:
- 30% @ 0,00074 - 0,00078 BTC
Will add:
- 70% on next retracement @ around 0,00094
Stop loss:
- 0,00071 (safe value)
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