Quote from: dEBRUYNE on July 31, 2014, 06:55:35 PM

Quote from: rpietila on July 31, 2014, 06:23:37 PM

Quote from: dEBRUYNE on July 31, 2014, 06:12:06 PM

@rpietila and others, what do you consider as a buy-zone for monero? Was thinking about placing some orders in the 0.004-0.0043 range. There is pretty much support at 0.004 and 0.0039, also fibonacci retracement levels are at 0.00406 and 0.00447 (This is based on the last runup from 0.023 to 0.058).

The 61.8% level is also on 0.00365, that is a possibility also.

All-time volume weighted average price is 0.00426.

All things considered, if you want to buy it, just do it at any price below 0.0045. The chances of breaking 0.004 are so slim that it is not worth the 10% gain achievable.

This advice is valid if your intention is to hold. I don't give daytrading advice.

At first thanks for the advice! As you have stated above, the chance of breaking 0.004 is very slim so I think it won't even reach 0.00365. Setting my buy orders around 0.0042-0.0043. My intention is not to day trade but to hold, but I want a good entry point.

Here we go in slim-chance scenario LOL Grin