CVC Why you should be LONG

Good day traders. I began scaling into CVC this morning around $0.075 because the 15 MA is crossing the 30 MA from below. The momentum is rising and positive. All this means its time to buy!

Green arrows indicate long opportunities and red arrows mean "you should have sold already"!

Simple but effective edge for alt coins but will give false signals so I set S/L around 0.06 (20% from average buy in).

Manage the trade once in profit and begin taking profits 0.09 but always split profits with coins...that way your never out of the trade (house money)

Back test for yourself and see how simple can be super effective. It's been my go to for awhile now and has produced sweet profits!

This is not financial advice or a recommendation to buy. Please do your own research and form your own opinion. Develop an edge and a trading plan, master them then you can add more...

Trade active:

Still in good shape with entry but won't add more. Even though I will loose profit, I will wait to add more after being sure the 15 MA doesn't cross-under the 30 MA (that's at close on a daily candle).

Comment:

Nice buy pressure on CVC and I will be adding on pullbacks today. Always cautious and only well planned trades but optimistic that CVC has a lot of upside in its future.

Targets ranges: $0.15 & $0.20 be 2 zones that I will consider selling based on how we enter them. Enter on price spikes and I am active seller but if we creep into them, I will sell small amounts and wait for bigger moves.

Develop a trading plan, refine your edge, and manage your trades! Happy Friday traders and may profits find you

Trade active:

CVC trade looks good. Haven't added to position but have buy stop at $0.094 for a break-out.