Don’t rush to bottom-pick. $NOM current price 0.001580 looks cheap, but cheap is not a reason for it to rise. Right now, the bears are in control; all the moving averages are overhead. Every bounce gets slapped back. If you really want to get involved: when it rebounds to 0.001590, short once, stop loss at 0.001621, and look down to 0.001540. Bottom-picking halfway up the mountain is the most common way to lose money. The bottom isn’t guessed—it’s confirmed by what the market does.
$APT current price 0.5670: you can short if it rebounds to 0.5707, because RSI is at 66—too hot to touch. This rally has been too fast. Look down to 0.5370, with about 12% downside space to 0.4985. If it breaks above 0.5892, admit you’re wrong and get out. When it reaches the first target, cut the position in half; the rest is for riding the trend. Moving averages are in a bullish alignment—can’t pin it down, but also can’t really hold it up. MACD golden cross is turning upward; it hasn’t fully flipped to a long yet.
Trading volume is 0.7M—this amount can support a move.
When it reaches 0.001540, cut half the position first; then decide whether to hold the rest.
Funding rate +0.0076%—longs and shorts are still fairly balanced, not to an extreme. At 0.5370, cut half first; then see whether it can be dragged down to 0.4831.
If you agree, give it a 1.
#NOM #APT #cryptocurrency
$NOM $APT $VET
$APT current price 0.5670: you can short if it rebounds to 0.5707, because RSI is at 66—too hot to touch. This rally has been too fast. Look down to 0.5370, with about 12% downside space to 0.4985. If it breaks above 0.5892, admit you’re wrong and get out. When it reaches the first target, cut the position in half; the rest is for riding the trend. Moving averages are in a bullish alignment—can’t pin it down, but also can’t really hold it up. MACD golden cross is turning upward; it hasn’t fully flipped to a long yet.
Trading volume is 0.7M—this amount can support a move.
When it reaches 0.001540, cut half the position first; then decide whether to hold the rest.
Funding rate +0.0076%—longs and shorts are still fairly balanced, not to an extreme. At 0.5370, cut half first; then see whether it can be dragged down to 0.4831.
If you agree, give it a 1.
#NOM #APT #cryptocurrency
$NOM $APT $VET
