Before talking about GRT, let me tell you a real story.
For survival, it’s crucial: until I see a stop-decline / breakout signal, I won’t move.
GRT is stuck in the 0.018890~0.019510 range. Current price is 0.019350, RSI is 54.1. I don’t bet on one-way moves in this kind of chop. I’ll go long only after a breakout above 0.019510; if it breaks below 0.018890, I’ll exit directly. I won’t do anything in between.
Newbies remember this: RSI being overbought doesn’t mean it will drop immediately, but the probability of getting wicked by a spike is high if you chase the price. Real money is made by waiting for buy points that fit your plan, not by chasing emotions.
I’ve laid out the logic—whether it works or not is determined by the market. You can refer to it, but don’t blindly follow.
If I were holding a position at this level, I would have already set my stop-loss.
#GRT #Binance Square
For survival, it’s crucial: until I see a stop-decline / breakout signal, I won’t move.
GRT is stuck in the 0.018890~0.019510 range. Current price is 0.019350, RSI is 54.1. I don’t bet on one-way moves in this kind of chop. I’ll go long only after a breakout above 0.019510; if it breaks below 0.018890, I’ll exit directly. I won’t do anything in between.
Newbies remember this: RSI being overbought doesn’t mean it will drop immediately, but the probability of getting wicked by a spike is high if you chase the price. Real money is made by waiting for buy points that fit your plan, not by chasing emotions.
I’ve laid out the logic—whether it works or not is determined by the market. You can refer to it, but don’t blindly follow.
If I were holding a position at this level, I would have already set my stop-loss.
#GRT #Binance Square
