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STRAT is looking very very well.
- It is on the 4 month bullish trendline.
- Very big volume
- Successfully broke the first resistance line few weeks ago and tested the previous key price level at around 0.0026
- Returned back to the trendline forming a beautiful LARGE double bottom formation + a small double bottom formation inside the first formation.
- Recently formed cup and handle pattern
Trading ideas:
- Since it is too late to buy it at the bottom near the long term trendline current price is still a relatively good buy
- Break through the key price level could lead to long term bullish run to ATH, since the double bottom and and overall altcoins market seems promising at the moment.
I would keep a part of the position for longer term(1-3months), pushing the stop loss higher, keeping it under significant price levels.
For more ideas follow me on TradingView: https://www.tradingview.com/u/juliusjulius/