That AVA exit level I mentioned two days ago? It got hit today.
In the early hours of 10/18, it surged 39% and hovered near its daily high of 0.40. My call was: break above 0.40 and chase new highs; fall back below 0.36 and get out. It topped out at 0.4375 but couldn’t hold, then turned around and crashed straight through 0.36. It’s now at 0.3478, down 11% over 24 hours.
It’s already down 20% from its high. If you set a stop-loss at 0.36, looking at the price at 0.34 now, don’t you owe yourself a little pat on the back? I don’t trade many pump coins, but a stop-loss was never there to make you more money—it’s there to keep you from dying at the top.
You only post your calls when you get them right. Today, my risk-management call was spot on.
Would you still touch coins that surge and then pull back like this? $AVA #Altcoins
Not investment advice. DYOR
In the early hours of 10/18, it surged 39% and hovered near its daily high of 0.40. My call was: break above 0.40 and chase new highs; fall back below 0.36 and get out. It topped out at 0.4375 but couldn’t hold, then turned around and crashed straight through 0.36. It’s now at 0.3478, down 11% over 24 hours.
It’s already down 20% from its high. If you set a stop-loss at 0.36, looking at the price at 0.34 now, don’t you owe yourself a little pat on the back? I don’t trade many pump coins, but a stop-loss was never there to make you more money—it’s there to keep you from dying at the top.
You only post your calls when you get them right. Today, my risk-management call was spot on.
Would you still touch coins that surge and then pull back like this? $AVA #Altcoins
Not investment advice. DYOR