Community post
Trade Setup Alert! - Digibyte
Digibyte
Now here's an interesting setup. Digibyte close to 50% off its highs and entering into a previous consolidation zone.
I'm looking to buy at around the .00001400 BTC level
Don't fight the market! Trade alongside the "whales" by buying in areas of the chart where they are most likely to be. This can be done by reading the language of the markets.
Rally - Base - Rally
A typical chart setup where to find the large players who move the market. A re tracement back into this zone, is a high probable setup that the whales will be back to defend their investment.
Safe trading,
Replies (2)
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From the chart, it is better to wait it bounce from the range before buying. The momentum could be hard if it falls off the supporting. Happy trading :)