BullBear Analytics

BBA AltcoinPro Member's LOOM Trade Review (LOOM)

Oct 31, 2018 --- Altcoins

On the 11th September we established a LOOM position as the market found support and put in a higher high and higher low off the 1000 sat level. Initial position is small 0.5% of our total portfolio as we looked to build into a trade through the bear market. Trade entered on a pullback to the double bottom breakout level. Indicators were showing that momentum needed to recharge for the bulls however trade location had good risk v reward. Our target level was hit one month later 11th October

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