In the last newsletter, I had shared a few long-term investment ideas. Since the last newsletter, there is no major change in the prices and most Cryptocurrencies are consolidating.
Here are the quick updates
The overall crypto market is in consolidation mode and you will very few crypto showing momentum.
$ONE tested and broke its all time high. Now in consolidation mode but prices are getting accepted at upper levels. High chance that it will give good upside move in coming days. Its holding the 0.20. I believe it will not go below 0.17-0.18 zone
$MRPH fell from upper levels. Expecting it to consolidate for few days and as i mentioned in last newsletter, expecting it to take support near $3.5 zone. New entry can be taken near the support
$FTT is consolidating in zone of $50-$52. No major change
Now coming to today's swing trading picks.
Swing Trade Ideas
Swing trading is the trading strategy in which we hold trade with strict stop loss for few hours to few weeks.
$BNB
#Binance coin is showing a bullish pattern and breakout above $470 can trigger big momentum.
$BNB can be entered once the 30-minute candle sustains above 470. The stop loss will be 424 on a 15-minute candle closing basis.
After crossing $470, the $510-515 zone is the first resistance level thereafter it will move towards 610
$TEL
#Telecoin is also showing early signs of breakout and this trade can be entered at appropriate levels for few weeks.
$TEL can be entered once the price sustains above 0.023 with stop loss to 0.017 levels.
The targets are 0.30, 0.038 & 0.060
Once the trade is activated, we can hold this trade even for a slightly longer-term also based on the strength of the momentum
This was a quick newsletter to update you about the upcoming opportunities. If you like this, share it with your friends.
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