myceliium

XMG Possible Bottom Found: Late Entry

BITTREX:XMGBTC   None
BITTREX:XMGBTC is one of those coins that has the tendency to spike when BTC consolidates. It's almost a habit now but I always scoop some up when the price drops below 3000 because of the strength of support at the 2900-3100 level. UI'm not able to share all my trades as they happen but this is one that is still in the early stage. Bottoming on the daily (thats sort of my MO) and testing the middle Bollinger band. This is a midterm hold and as always, tight stop (2900 suggested).

Entry: 3100-3500
TP1: 5000
TP2: 6500
TP3: 8000

Happy Trading

Penafian

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