UBQ - Watch bottom BBand. Found bottom again.
I told my friend last night that I was going to buy more at the bottom BBand. He was excited for a breakout of this descending pattern (drawn in black), but I had doubts as we were seeing similar conditions akin to the circled fakeout (overbought, yet still relatively low volume). I told him that I could see us hitting the bottom BBand again, and that I'd like to see us trade sideways along this bottom band to gas up for that big move up (similar to the one we saw when we hit 74k).
So, my play is this: I have my bags already packed, but I'll be adding to them with 2 buy orders AROUND (I'm not giving exact orders as I don't want you creating a buy wall in front of me... not like I have enough popularity for that but you can't ever be too safe.) the green and red lines. Red line is the line I'd like to see a couple wicks hit again before we moon shot. I have a couple short term profit-taking points set in blue, but Ubiq is one I'll be hodling a majority of my bags for.
Happy Trading!
So, my play is this: I have my bags already packed, but I'll be adding to them with 2 buy orders AROUND (I'm not giving exact orders as I don't want you creating a buy wall in front of me... not like I have enough popularity for that but you can't ever be too safe.) the green and red lines. Red line is the line I'd like to see a couple wicks hit again before we moon shot. I have a couple short term profit-taking points set in blue, but Ubiq is one I'll be hodling a majority of my bags for.
Happy Trading!