So, How much will $10 #RSR fetch you in the recent upward swing?
A look a the #RSR shows that the price of the coin is going to touch $0.003501. in other to maximize profit, there is a need for a safe entry.
I consider a safe entry to be at the price $0.002792 because of the following
before price began to swing up, two spectacular things happened.
the first was a bullish divergence where the Relative Strength index resumed an upward trajectory but #RSR price maintained a downward trajectory.
the second was a double or triple bottom where price tries to break a support twice or thrice by testing the support frequently.
once these were spotted, I preferred to enter at that price because side given room for retracement, it's an absolutely nice spot to milk in profit.
So, I bought $10 worth of #RSR which grants me access to 3581.662 amount of RSR
calculation
$10{amount I invested} / $0.002792 {my entry price}
= 3581.662 worth of RSR
since I am speculating based on my analysis that the price will hit previous resistance at 0.003501 which will also be my exit spot. at this exist spot, after selling all 3581.662. I will be left with $12.5394
Calculation
3581.662 {the amount of RSR coin I have} * $0.003501{the price I would love to exit the trade}.
= $12.5394
I have made $2.5394 from that swing.
You may not like this example because of the low profit but you should understand that the more the profit you anticipate, the more the amount you should invest. it's not rocket science.
I will however call your attention to he volatility of the market so it's advisable to invest what you can conveniently dispose when spot trading.
âïž
