Better Keep Your Feet Still — Trade Signal Update 2nd July
For the second day in a row, the daily chart shows a pretty indecisive picture regarding trade signals.
* The bullish and bearish signals are almost equal summing up to an overall of 32 signals on the daily chart.
* Most of the signals are either MACD, EMA crossovers, or Parabolic Trader.
* However, the majority of signals do not have a high reliability based on backtests.
Based on that, I won't go for any new trade setups on the daily chart at the moment. We've indeed seen some nice gains for some tokens. However, today's and yesterday's trade signals on the daily chart do not provide a solid risk/reward ratio.
I will examine the 4H and 1H charts throughout the day to see if there are opportunities for short-term gains.
