xTDGS
CANSLIM trader trying out Crypto!
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$BTC short here as it tests the daily VWAP. Good R/R with a stop above 40300.
Current range is a very low volume area, likely to undercut the most recent low, trigger some stops and test the volume shelf around 37950 - 38050.
#BTC Short.
Current range is a very low volume area, likely to undercut the most recent low, trigger some stops and test the volume shelf around 37950 - 38050.
#BTC Short.
#MyFirstFeedPost Hello, Binance Square!
#ETH lifted off of a double bottom back in 2020 as well before rallying more than 1500% from its pivot.
Ethereum again is breaking out of a double bottom on heavy volume.
If I had to focus on price action and ignore all the news, this is a solid long opportunity, probably one of the best since 2020.
If a renewed bull market is underway, most intermediate pull backs will find buyers around the 10WMA just like how it did during 2020/2021.
Each person has their own risk management rules, where you stop yourself out is of your choice. My general rule is an 8%-10% stop loss.
#ETH lifted off of a double bottom back in 2020 as well before rallying more than 1500% from its pivot.
Ethereum again is breaking out of a double bottom on heavy volume.
If I had to focus on price action and ignore all the news, this is a solid long opportunity, probably one of the best since 2020.
If a renewed bull market is underway, most intermediate pull backs will find buyers around the 10WMA just like how it did during 2020/2021.
Each person has their own risk management rules, where you stop yourself out is of your choice. My general rule is an 8%-10% stop loss.
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