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willyshm
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it is also important to consider that cryptocurrencies are very volatile and also prone to a lot of manipulation. That factor is also fundamental in the price of the crypto
your comment makes sense. I am new to this but I believe there is something more hidden that is what causes the variation in certain cryptos. I don't know if I'm wrong but that's how I see it.
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I was thinking about a strategy for the $WLD coin, according to my criteria and the analysis I have done on the coin, I noticed a very normal behavior when the coin increases its value exponentially, it usually always goes up to a maximum limit, at that limit it always lasts in the 15 minute and 1 hour graph, it always stagnates and starts to go down
Example: the coin is currently at 3 dollars (approximately)
1. It starts to go up abruptly
2. It reaches a limit where it does not go up any more and it is like its limit
3. It then goes down until it regulates again
- This mostly happens when those verified with Orb receive their coins and immediately start selling them
- It also happens when there is positive news about the Word coin environment
- Another option may be fluctuations in the market in general.
Taking this into account, I thought of a strategy:
When the price rises to this limit, sell at least 20% of the coins and then buy with that 20% when the price plummets
I would like to know technically if this has foundations or could be a risky move, it is not a recommendation or a call to action, it is a consultation so I can know if I am analyzing the coin correctly or if I am wrong.
I appreciate your recommendations.
Example: the coin is currently at 3 dollars (approximately)
1. It starts to go up abruptly
2. It reaches a limit where it does not go up any more and it is like its limit
3. It then goes down until it regulates again
- This mostly happens when those verified with Orb receive their coins and immediately start selling them
- It also happens when there is positive news about the Word coin environment
- Another option may be fluctuations in the market in general.
Taking this into account, I thought of a strategy:
When the price rises to this limit, sell at least 20% of the coins and then buy with that 20% when the price plummets
I would like to know technically if this has foundations or could be a risky move, it is not a recommendation or a call to action, it is a consultation so I can know if I am analyzing the coin correctly or if I am wrong.
I appreciate your recommendations.
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that's exactly what I was thinking, thank you very much for the contribution ✌🏼
I did the following in the WLD app, I received $25, WLD.= $50, USD. at $2, USD. per unit WLD. and sold at a rise of $4, USD. total $85, WLD. I earned $35, USD. and I did it all in the WLD app. 👌
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I have been analyzing the market for a while, especially the $WLD currency, and I have about $50 in my account. I would like to take advantage of the benefits that the Word app is giving me. I learned basic things about reading charts and market behavior, but I would like to learn technical analysis. How do you recommend I start to learn?
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