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CRYPTO MECHANIC
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Less supply and high demand = High prices this is how simple it is. #bnbburn
Less supply and high demand = High prices
this is how simple it is.
#bnbburn
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Trading is simple it's you making it complicated by taking unnecessary trades and unnecessary risk.
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Missed the initial move on a coin ? No problem One of the easiest way to trade when you miss the initial move on a coin 1- Wait for the price to consolidate around the high 2- Draw a line on the 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 close back below that high, this means the breakout is fake and now you should be managing your risk and exit the trade. Read the detail on both pictures. Keep learning
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As #SAGA is coming on binance soon here is the most amount of information that you may need to know about the project and my price prediction at the time of launch. ** What is SAGA** Saga is an innovative Layer 1 blockchain protocol offering unique solutions for developers, particularly in gaming and entertainment. It's designed to enable the creation of “Chainlets,” which are dedicated, parallelized, and interoperable blockchain environments that can scale infinitely horizontally. This means applications can grow without encountering typical performance bottlenecks. ** SAGA TOKEN USE CASES** 1. Developers use SAGA to pay network validators for initializing and maintaining their Chainlets. 2. Holders can stake SAGA tokens and Stakers secure the network and receive SAGA and other project tokens as rewards. 3. Token holders have a say in network governance decisions. ** SAGA fund raise and investors** Saga has successfully raised $15 million through various investments and partnerships, including those of companies like Samsungnext and Polygon. It supports 350 projects, with a majority in gaming, and has established significant collaborations with other Layer 1 protocols for scaling solutions, most notably with Polygon, Avalanche, and Celestia. ** My Price Prediction ** The initial supply will be only 90 million so i'm expecting it to start trading at $4 - $5 The project seems interesting looking at how many projects are ready to launch under the SAGA mainnet. Lets see how this one goes.
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Slowly buying Altcoins now going into BTC halving can pay off well in the coming month in my opinion. Adding 5-15% of the portfolio on each dip from now on wouldn't be a bad idea. I can't suggest you Altcoins right now because the current picture of Altcoins isn't too good. But when the aim is to play for few months we have to ignore the short term noise. So find coins that performed well in past few weeks/months. RNDR , FTM and Avax can be one of few options.
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Seems like Altcoins are celebrating Bitcoin Halving by halving the prices. 😃
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