STEEM fell very deep from its high one and a half year ago and is now getting some volume back (see chart bellow). With assumption that 2018 will be THE year of cryptos, we can set up a long term trade/investment.
Entry above 45k (45100 would be a nice entry) with targets at Fibonacci extension levels. You can cash out some parts of trade at certain levels, depending on market conditions. Around 100k there will be strong resistance for sure. If you'll get chickened out and sell everything at that level you will still be over 100% in profit. I'd put stop loss bellow 35k, can be corrected later.
On downside, if 35k will get broken before we reach 45k, we could touch 20k or even 10k levels again. I don't see this as very probable, but you never know how things turn out.
Zoomed in 1D chart:
Entry above 45k (45100 would be a nice entry) with targets at Fibonacci extension levels. You can cash out some parts of trade at certain levels, depending on market conditions. Around 100k there will be strong resistance for sure. If you'll get chickened out and sell everything at that level you will still be over 100% in profit. I'd put stop loss bellow 35k, can be corrected later.
On downside, if 35k will get broken before we reach 45k, we could touch 20k or even 10k levels again. I don't see this as very probable, but you never know how things turn out.
Zoomed in 1D chart:
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Bình luận:
Still active, stop loss was removed.
