ACHIEVING A 36.83 RRR IS AN INCREDIBLE FEAT IN TRADING: HERE'S HOW WE DID IT
We are now approaching the price with high sell orders for #REEF at 0.0016-0.0017 and as well as 0.0020-0.0021. As we approach these high sell order zones, we have reviewed carefully the total increase after our entry which is 138.34% and with a 3.76% risk, 36.83 risk to reward ratio. This gives us a great detail as to how it's highly possible to enter with a sniping entry for a small percentage possible loss and a massive percentage possible profit.
Here's how we did it.
A careful review of the price of REEF was done in order to conclude data. The price has already moved below the main major support at 0.0012-0.0016 and was already in an oversold status. Comparing with other altcoins as well, we have analyzed that the market structure of REEF is different. Most of the altcoins that we have compared it unto, shows a great hold of their major supports and as well as minor supports. For REEF, it has already shown signs of weakness until it went down to a further decline. Hence, we have applied the law of motion, "For every action, there is an equal and opposite reaction." So with the impulsive downward movement, the corresponding equal and opposite reaction is the bounce that might happened and it really did. Lastly, as the surrounding fear was already making almost everyone to panic sell, we have done the opposite, a common winning formula in the crypto market, a reverse psychology, where we become bolder the more fearful the market becomes.
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.
