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CRYPTO MECHANIC
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SAVE IT BECAUSE YOU NEED IT Today i will share with you one of the easiest ways to trade when the market is bullish and you missed the initial move on a coin. 1- Wait for the price to consolidate around the high 2- Draw a line on that high 3- Entry when the price will close a candle above ( Depending on the timeframe you're watching) 4- Continue to ride it towards the next possible level.Where will be your invalidation ? The same area that you choose for your buy will be your invalidation if the candle closes back below that high, this means the breakout is fake and now you should be managing your risk and exit the trade. Read the details on both pictures. The strategy will work perfectly if you apply it in an uptrend/bullish market not in a downtrend/bearish market.
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$ENA A good looking weekly chart, Price broke above the weekly consolidation - Holding above it now - Current weekly candle broke the low of last week and bounced The chart is positive and can expect more upside as long as it holds the structure.
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Who would have thought Bitcoin would hit $100,000 this early.
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New All time high on $SOL 🤝
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Well $XRP
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