Watched all night and basically confirmed that the big coin is in a downtrend. The support below is roughly around 800–790. I’m considering going long, but I need to wait for it to drop to the right level otherwise entering now is like trying to catch a falling knife, and it’s very easy to get stopped out.
Alternatively, I’ll wait for the big coin to rebound in the 820–830 range, and then I’ll consider entering a short position.
Choosing to observe these days is the right move. I just can’t figure out how it’s going to move. Stopping and holding back is the wisest choice no trades means you don’t lose money.
Alternatively, I’ll wait for the big coin to rebound in the 820–830 range, and then I’ll consider entering a short position.
Choosing to observe these days is the right move. I just can’t figure out how it’s going to move. Stopping and holding back is the wisest choice no trades means you don’t lose money.