Trade Recommendation: Syscoin

The previous swing high can be a good level for placing buy orders. If the market breaks the 0.00003000 resistance level and moves upward, we’ll be able to catch this price movement. Entry level is 0.00003100 with stop orders at 0.00002450 level. Profit targets are 0.00004000 and 0.0000500 resistance levels. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Market: SYSBTC
Buy: 0.00003100
Stop: 0.00002450
Profit Targets: 0.00004000 and 0.00005000

The trading signal is based on Poloniex chart.
Disclaimer: The analyst does not have investments in Syscoin.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.