CRYPTO SPACE GREAT READS TO DEVELOP YOUR TRADING MINDSET
THIS SIMPLE TRADING TRICK WILL GIVE YOU CONFIDENCE IN DOING DAILY TRADES!
If you haven't quite understood the real essence of day trading. Then, you've come into the right place.
Identifying the key levels where prices open and close at daily and weekly basis will give you an overall view of a ranging market structure. This ranging market structure gives you a sense of what's going to happen for a long period of time.
Let's take SAGA as an example. The market structure has been going on since June. Hence the total profitability would be taking 10 daily trades for every month and all of them would be successful. That would make a total of 30 daily trades for the whole 3 months given the ranging market continues also this month. These 30 daily trades that aren't rushed will always keep your funds safe especially if you set the stop losses below the low of the 3 monthly candlesticks or above the high of the 3 monthly candlesticks. Hence, taking daily trades on this ranging market will provide you a sense of relief and profit at the same time.
ANOTHER TOKEN THAT HELD ITS GROUND!
If you're looking for possible tokens that will dip and gain more discounts, then, you're in the right place.
Here's why.
As we continue to observe the market, we were able to find some tokens that will immensely decline and could provide discounted opportunities. This 1 token that we're talking about would explain the tokens that you might identify for a potential dip.
#IO has provided us with a high price surge last June, albeit, it immediately declined after reaching its climax at the price range 6.0-6.4. As the market proceeded with the major selloffs, we were able to identify that the decline would most likely continue.
The analysis that we've provided shows this week and as well as last week to be closing below the minor resistance of 3. This signifies that these resistances are now considered to be newly established and would most likely continue to reject the prices.
IO has now retouched the weekly low with buyers' intention of holding this spot. Many are willing to enter and pump this token towards its weekly middle. However, we're also looking at a possible breakdown below the weekly low. In the event it does, we will continue to look for more opportunities downwards.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.