BINANCE:AMBBTC   Ambrosus / Bitcoin
Forming a large symmetrical triangle with potential for big gains. I would wait and see if the price can come to support levels, the 15M indicates the price is ovebought so in theory we should come down just a little bit. On the other hand, the 1H shows we're oversold already, but we might jus have some time before the a new 1H candle opens to touch support.

We want to do this to minimize risk since AMB             has been making big moves, we don't want to get in too early a trigger a stop loss.

Stop loss is a little harder for this one since the price moves a lot, while we have the potential to get 40% in a day we can also lose our gains very quick. A normal 5-10% stop could work if we buy at the very bottom of support. If you don't wanna risk 10% loss just put a 5% stop loss and rebuy at the bottom if it gets triggered.

Keep in mind BTC             is king in this market and if it decides to dump/pump all alts will be affected!

Take profits in the white zones, either close the whole trade or sell 25% or 50% and wait for the next target.

Happy trading!
Komen: And here we go again, BTC dropping once again! Almost like clockwork.
Komen: Even though BTC dropped today AMB managed to hold its support. I'm still in the trade and hope we reach our targets soon!
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What about now bro, I see its not strong as it used to 2 day before. hic
Balas
and now?
Balas
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