Dec 22, 2018 --- Altcoins
AION position established for the first time as we look to scale into this unloved/oversold market. Having been in a bear market all year AION found a bottom around November, since then price has come back to test the lows and put in a double bottom on good volume. We now have 3 lows to shoot against and very attractive risk v reward. We have only taken a low 0.5% position therefore if we are wrong our portfolio is protected and we can look for another buy setup up to scale in further. MACD is positive, providing a wind behind the bulls sails and Willy was oversold and starting to swing higher. OBV is also confirming that demand is strong at these levels.
Long position off the 0.0000xxx - 0.0000xxx with a stop just below 0.0000xxx and a target of 0.0000xxx
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