Popular TradingView author Oleg Zhukov (Trade_lab) spoke about the prospects of the TWT token
The opinions of experts may not coincide with the position of the editorial board. topplabs.org does not provide investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.
The revival of the cryptocurrency market, which began in July, provides an opportunity to profit from investing in digital assets. In such a situation, the expectation of new lows may not be justified, and the trend is likely to gain momentum. At the same time, we must not forget about risk control.
Today we will look at the TWT cryptocurrency, which may have good potential for further growth.
The Trust Wallet cryptocurrency wallet is popular among market participants. One of the largest crypto exchanges Binance has invested in the project.
Technically, the TWT / USDT pair exited the range with the maximum trading volume in the entire history of the asset, which implies a strong signal in favor of the development of another wave of an upward trend. Due to the low base effect, TWT can perform better than other altcoins, so we believe that there is a prospect of renewing historical highs.
Trading plan:
- Buy TWT upon breakdown of the $ 0.55 level upwards
- Stop loss – $ 0.44
- Take profit – 1/2 of the position volume at $ 0.97, the second half at $ 1.32
- Risk per trade – 3% of the deposit
- The likelihood of the idea being realized – 65%