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myisLet
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$BTC
Time to take a break and switch funds from BTC to
ETH
or to big-caps coins.
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myisLet
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$EGLD It is very important to open a position only when confirmation is evident. I wrote, 'Entry: Wait for confirmation (candle closing below pinbar low),' and as shown, I also uploaded a chart image on the 1D timeframe, meaning the confirmation is also based on the 1D timeframe. If a short position was taken immediately after my post, it would currently be at a loss of about 4% ($33.80 to $35.20) and might have hit the stop loss at EMA99, which is $35.388. As of now, if the closing price is as I mentioned, $35.40, and does not close below $33.5, then the movement will likely continue upward, targeting $39. **This is not financial advice; always do your own research (DYOR). I am merely sharing my perspective and this note is intended for my own journal.**
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$EGLD No Bullish candle 1d, I have prepared my fund for DCA, at least up to a maximum decline to $21. My POV 1. EMA Crossover : EMA7 (yellow) has crossed below the EMA99 (purple), indicating a death cross and potential bearish trend. 2. Pinbar Candlestick : A candle with a long upper wick near the crossing area indicates price rejection from higher levels, signaling strong selling pressure. 3. Confirmation: The candle following the pinbar supports downward price movement, confirming bearish trend continuation. 4. Additional Indicators: - RSI : (32) approaches oversold territory but still supports selling pressure. - Increased trading volume validates the signal. Trading Strategy 1. Entry : Wait for confirmation (candle closing below pinbar low) before opening a sell position. 2. Stop Loss : Place above pinbar or EMA99 to minimize risk. 3. Take Profit : Set target near support levels $29.xx This chart indicates a strong bearish signal, primarily due to the EMA death cross and price rejection through a pinbar. However, ensure good risk management as the RSI is nearing the oversold zone. Additional note : For an upward move, the condition is to hold above $35.4 on the daily timeframe or a close not below $33.5
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$EGLD A nice drop, so I could fill my spot bag for the first time. My current POV requires confirmation of the daily close first, with the possibility of targeting a rise to $39 or dropping to $29.6. Daily closing candle (1D) scenarios: - If a bullish candle forms, I'll target $39. - If a bearish candle forms, $29.6 will likely be hit. I still believe that EGLD should be above KSM. Ifby January 1 and January 9, KSM remains above EGLD, I will abandon that belief 🤪🤪 $KSM
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$EGLD Prepare your bag to buy EGLD because currently, KSM is above EGLD. Usually, KSM is always below EGLD and even if KSM is above EGLD, it will always be overtaken. If KSM can maintain its position above EGLD for 1 or 2 weeks, it means there is a shift in the dynamics between KSM and EGLD. $KSM ✨✨✨✨✨
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Calling it easy might end up not happening, lol. Let me revise that from $1.28 to $1.26
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