This is it... Notice that this is the same chart that I used before. Same levels, same drawings. This reveals the bullish bias easily because the levels were drawn before the latest move.
Notice how today's candle/session has a very long lower wick and the session is now green. Bullish confirmed (above. 2.24).
Notice that this session is trading as a higher low compared to 9 and 10-December. Double-bullish confirmation (candles wick low must close above 1.94).
The day needs to close green, 2.24 or higher, and the bullish signal is fully confirmed.
We don't wait for confirmation.
We don't have to wait for confirmation.
Me and my people, on a chart like this one, go long.
Of course, you need to set up your own margin, your own targets, your own stop (support). We know leveraged trading is for experts and requires a very strong mind. It requires stable emotions and the ability to adapt instantly to market conditions. It requires experience.
Spot traders can buy and hold. Spot trading only requires patience and a clear level to sell when prices go up.
Spot only needs two things: (1) Buy and hold. This is the patience part. (2) Sell and collect profits. This is why you need to have a take profits level defined.
That is all.
Leverage is high potential for profits with ultra-high risk.
Spot trading has amazing potential with basically no risk. There is no risk because you are buying the actual coins/tokens. If prices drop, you keep the same number of coins. You only sell when prices go up.
In the worst case scenario, you can exit a trade at a defined stop-loss point. But the risk is calculated beforehand and limited, say 10%. You never, ever, place a stop-loss on any exchange, it is a recipe for disaster. Set your sell orders on target after buying and wait. Wait for days, wait for years, wait for months...
It is an easy game with the right mindset and plan.
We can all win with Cryptocurrency... Think about it, everybody who bought Bitcoin since just a few months ago is in the green zone; 100% of the participants. Everybody who bought Crypto in 2015, 2018, 2020 and the rest, by now are millionaires, it is not too late.
All those that bought in 2022, 2023, 2024 can be millionaires in 2029, 2030 and beyond. Think long-term.
Your support is awesome.
You are appreciated.
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Namaste.
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