SJTRADESFUTURES

Loom Long Setup after PullBack

Long
BINANCE:LOOMBTC   Loom Network / Bitcoin
While BTC has a cool off and consolidates before its next move the Alt coins get a opportunity to shine .

Here we have LOOM which has had a nice run alike many others but dont threat if your not in any position because there is always an opportunity to align yourself .

There is not 1 coin which doesnt or hasnt given every gain back and Loom is no exception ...

Currently we are trading inside of this triangle and respecting its boundarys well , with that said i see a pull back to the 0.66 fib level before another bounce to the upside targeting the 260 region as per chart .

Remember plan your trade . entry and stop loss , ensure to take profits on the way up and always be prepared for BTC to spoil the Party !

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Commento:
We went up a little more than i had expected but welcome to alt coins ...anyway for now we are coming down back to earth and it looks like the level i had set got front run ... I have alerts set and will respond when they go off
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