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Analysis 29.9.2017: Trade Recommendation: Lisk

The market moves in sideway. We have to use trading rules for range markets, such as buying at support levels and selling near resistance levels. Now we can see that the price bounces from the support zone. RSI confirms price reversal. We can expect further upward movement to the resistance level. Pending orders for buy can be placed above the high of the signal candle at 0.001400 level. Stop orders must be below the support zone at 0.001280 level. The profit target is 0.001590 level. If the market drops below 0.001300, it will be better to delete buy orders and wait for new trading signals. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Market: LSKBTC
Buy: 0.001400
Stop: 0.001280
Profit Targets: 0.001590
The trading signal is based on Bittrex chart.

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