jacharakis

POE entry? Nope. Not yet

BINANCE:POEBTC   None
****Not financial adviser, for entertainment purposes only. New (only 2 weeks in!) to TA, DO NOT COPY!!!****

Call sourced from a signal group.

Entry: 21-22
Targets: 23, 25, 30, 33
Stop Loss: 19

Reasons I'm not entering this trade:

1/ Significant resistance immediately overhead on SMAs 20, 30, 50, 200 as well as EMAs 8, 13, 20, 21, 55, 200
2/ No support whatsoever
3/ Too risky for virtually minimal reward.
4/ CCI does not support entry
4/ Trading for the sake of trading is a bad strategy. The last two weeks have taught me, patience is king. Wait for a good entry set up, hold on to your mental capital.

That is it! Back to work, studying technical analysis . Till next time :-)

Comments

PS: Should have posted chart with AAAALLLL of the MAs, haha. Here is the link to it if anyone's interested:
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Any more ideas, (constructive, polite) criticisms welcome.
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