DOING RE-ENTRIES FOR #AVAX SHORT POSITION AFTER TAKING MORE THAN 500 IN PROFIT! WHAT'S NEXT?
We're now having the entries for AVAX above our previous stop loss for the first entry. Doing this in order to identify the next potential impulsive downward movement. Although, we're also preparing long positions in between 15.48-20.20 for the upcoming rallies. Even possible lesser prices would become our optimal long positions. Currently, as we do more scalps for this altcoin. We look at the perspective of the sellers.
#POPCAT FACES ANOTHER REJECTION EARNING US 7.7K IN LESS THAN 5 HOURS!
The POPCAT analysis that we've made for its potential rejection has paid off. We have witnessed that the bearish block have taken into action. This type of price action most of the time would show up closest to the ATH or any minor/major resistance of an altcoin. Taking these factors into account has made us 7.7K profit and with a risk-reward ratio of 3 at that. Calculating the risk-reward ratio for a trader's risk appetite is necessary in order to not only take profit but account the possible loss.
AFTER #ALPHA SURGED 150.97% FROM OUR PREVIOUS MONTHS' TRADES IT DECLINED AT 53.69%: WHAT'S NEXT?
The current market scenario for ALPHA includes a series of sudden impulsive movement from its support level and a major selloff. A common scenario in the crypto market. Although, if you take a closer look, there's a higher tendency for this alt to continue rising albeit it might take another accumulation of buying strength. Now, as the crypto market is at its indecisive state. We are anticipating a major movement towards the downside of ALPHA. This would prove to be one of the best-case scenario where an even greater discounted price will appear.
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.
