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CRYPTO MECHANIC
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Explain this market condition in one line?
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CRYPTO MECHANIC
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November first week will be highly volatile because of US elections on 5th November and then FOMC on 6th November. I think the uncertainty will be on peak so i will just avoid it. Least likely i will open any new Swing trades unless it's very high probability setup. Most of the people are anticipating that trump will win as Odds are increasing everyday (69%) and they think trump winning is good for crypto. In my opinion someone winning on the internet doesn't mean he will actually win so i would like to see the outcome before i risk my money.
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$ENA
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A right on time bounce $SEI
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How do i manage my trade when it hits my target area? Once a coin hits my target i only Keep a small amount with me just in case if there is more upside left to take more advantage. if price dropped from that area which is always likely because i take profits at the area where i think price can reverse so that means I'm always ready for that outcome. A reversal from my take profit areas doesn't bother me at all because i take maximum profits already. It's always okay to keep a small percentage to get some bonus profits. if it works that's great and if it doesn't that's not a problem because you've already closed Majority of your trade.
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You will have better opportunities to get into $BTC if you missed it. Chasing it here at ATH wouldn't be a good idea.
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