Short Signal for MAID
These low liquidity coins on Poloniex have a different world of their own. They're not perfectly correlated to other cryptoassets and they should be analysed independently. That said, we have a clear short signal for MAID.
What's our price target? Well I'm a trend follower and I like to follow the market until a closing signal comes or Stop Loss is hit. But next major support is at 4810 satoshi. Wider structure is clearly a descending triangle with that support as a base and if it's broken there's a huge potential downside.
You can enter the position at the market price today. Or if you like to get only the best levels you can place your entry to 5990 satoshi.
According to my calculations our initial Stop Loss should be at 6026 satoshi.
What's our price target? Well I'm a trend follower and I like to follow the market until a closing signal comes or Stop Loss is hit. But next major support is at 4810 satoshi. Wider structure is clearly a descending triangle with that support as a base and if it's broken there's a huge potential downside.
You can enter the position at the market price today. Or if you like to get only the best levels you can place your entry to 5990 satoshi.
According to my calculations our initial Stop Loss should be at 6026 satoshi.
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