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Modum (MODBTC) entering buy zone
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Modum is entering the buy zone. It is likely that it will remain in the buy zone, or bounce on support before entering it again. Either way, there will be plenty of possibilities for purchasing MOD tokens. I believe it will range until hitting the exponential channel support.
From there on, there are two possibilities: The price might bounce on the combined resistance of the main exponential channel and the two previous peaks, or it can break through to hit the secondary exponential channel resistance. I suggest splitting profit taking to accommodate both possibilities.
Buy: 6.1ksat
Sell 30%: 8.8ksat
Sell 70%: 12ksat
From there on, there are two possibilities: The price might bounce on the combined resistance of the main exponential channel and the two previous peaks, or it can break through to hit the secondary exponential channel resistance. I suggest splitting profit taking to accommodate both possibilities.
Buy: 6.1ksat
Sell 30%: 8.8ksat
Sell 70%: 12ksat
Nota
Please note that prices are off by a factor of 10.
Penafian
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