TIA is the only name left on the top gainers list: up 5.5% on the day, while the other major coins are all moving sideways around 0.6%. TIA is currently priced at 0.4409, rising against the market with trading volume picking up.
Scale in on a pullback to 0.425–0.432, with a stop-loss at 0.408 (below today's breakout point). Take first profits at 0.478, then at 0.50. Keep your position in this coin under 15% of your portfolio. The idea is that if a strong coin holds above its breakout point on a pullback, it offers a second chance to get in; if it breaks below, today's rally was a bull trap. $TIA
How much of your portfolio would you allocate to a momentum trade like this?
Scale in on a pullback to 0.425–0.432, with a stop-loss at 0.408 (below today's breakout point). Take first profits at 0.478, then at 0.50. Keep your position in this coin under 15% of your portfolio. The idea is that if a strong coin holds above its breakout point on a pullback, it offers a second chance to get in; if it breaks below, today's rally was a bull trap. $TIA
How much of your portfolio would you allocate to a momentum trade like this?