DigiByte Breaks Its Downtrend | Manual Stop-loss Saved Us!

DigiByte (DGBBTC) broke its downtrend on the weekly time frame (left) and printed a clear reversal candlestick (circled in blue).

We can expect for DigiByte to recover here and a start a new, strong and sustained uptrend... Yes, I am calling for a change of trend here.

DGBBTC hit bottom on a low wick at 15 satoshis.

If you follow "conventional" trading and had a stop-loss in place, you would get killed here and lose all of your money to this long wick.

We use what I call a "manual stop-loss" and only activate this based on the weekly candle close.

The same candlestick that hit 15 satoshis, ended up closing at 85 satoshis.

We have an active trade for DigiByte and our stop-loss is a weekly close below 82 sats... So for use we remain active, our funds are safe and we can collect profits up once the trend change.

Here you can read more about our manual stop-loss strategy:

Thanks a lot for reading.

Namaste.

Comment:

Stop activated, will share new entry soon.