Coin: NeosCoin, NOT NEO
Exchange: Bittrex
Bought at: 0.00109999
Profit: 31%
Duration: 4 hours 20 minutes
INTRODUCTION
This would be my first trade with NeosCoin. Looking at previous history, NEOs has been an inactive coin since the beginning of July. Today Neos jumped over 100% and I expect this coin to be really active the next week for multiple good trades.
1ST PULLBACK TRADE
The trade today is off a quick pullback. With a jump to 100%, I would expect a very generous pullback so an order was placed at 50% (0.00109999) of the run, and started first sell at the 70% point. As I saw support slowing down, the rest of the position was sold at 150s for an overall profit of 31%. The trade completed in a little over 4 hours.
FUTURE TRADES
Back in late June to early July, NeosCoin showed 4 major pullbacks in the span of 18 days. Afterwards, two panic drops happened which both returned to base. I expect in the next week or two for similar activity to happen so NEOs will be put in my favorites and plan to do more trades and writeups just on this coin. Some buy orders around 0.0080-0.0090 have been placed.
DISCLAIMER AND CREDIT
Nothing here is meant as financial advice. This is just a strategy that I'm using as a cryptocurrency day trader. Please seek a duly licensed professional for any financial advice. Never forget, cryptocurrency trading is extremely risky and never invest more than you can afford to lose!
I'd like to give a special thanks to Luc for his selfless contribution in teaching cryptocurrency trading. Please visit his blog at: https://steemit.com/@quickfingersluc
Thanks for visiting my blog and happy trading everyone.