CLOAKBTC potential long


Trading Ideas


CLOAKBTC potential long
CloakCoin / Bitcoin BINANCE:CLOAKBTC

With Binance running a competition for most trades with this currency--and it's lack of leverage making short positions less appealing, I suspect we'll see this little guy rally a bit.

Still, I wouldn't pull the trigger too early--I'd wait for either the SMA cross (orange over blue) or for the RSI to bounce off 50. (calculation in the strategy tester assumes $2500 position non-pyramiding)

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