I was thinking about a strategy for the coin $WLD according to my criteria and the analysis I have done on the coin, I noticed a very usual behavior when the coin increases its value exponentially, it always tends to rise to a maximum limit at that peak it always lasts on the 15-minute and 1-hour charts, it always stagnates and starts to fall
Example: the coin is currently at 3 dollars (approximately)
1. it starts to rise abruptly
2. it reaches a peak where it doesn't go up anymore and it's like its limit
3. subsequently, it falls until it stabilizes again
- this mostly happens when the verified with Orb receive their coins and immediately start selling them
- it also happens when there is positive news about the environment of Word coin
- another option could be general market fluctuation.
Keeping this in mind, I thought of a strategy:
When the price rises to this peak, sell at least 20% of the coins and then buy back with that 20% when the price drops sharply
I would like to know technically if this has foundations or if it could be a risky move; it is not a recommendation nor a call to action, it is a consultation for me to know if I am analyzing the coin correctly or if I am mistaken.
I appreciate your recommendations.