REQ Long Entry on strong rebound, consolidation & cloud support

12 Jan 2018

REQBTC is looking like a pretty solid 3+ day trade right now. It has been consolidating(like a lot of other coins) over the last couple of days and has followed the 2hr cloud to an absolute T. This would indicate that in a day or so a price increase is imminent. There aren't any known fundamental catalysts in the short term that would drive the price to ATHs, so i'd start scaling out about %20-15 shy of ATH from its current price. The strong rebound after the S Korea dip and following consolidation shows a very clear support at its current price point. The medium-long term outlook for this coin is extremely bullish, if you're looking for a good time to enter with that strategy, now seems to be it.