I genuinely believed RSR had begun the "gold fish" sequence at 0.0022 but people rushing in with the fear of missing out pushed it higher.
White line is placed at the "trap". The best place to execute a trade.
Red line is where I went short believing the rally was over.
Blue Line is where I have my bids set on the exchange.
It is possible that RSR continues climbing higher but my chart is showing that the odds are in favour of a downtrend towards 0.0021 and 0.0020.
I started this year with the mindset of only closing winning trades. I.e I am willing to hold positions that are negative in equity until I can close them at break-even or at a win.
Currently this is the only position where the potential to close at a loss is real! This would be the first loss of 2023.
Perspective is important, and closing a single losing trade was not part of my plan but on the bright-side It is starting to look like we are at the beginning of a new macro rally in the digital asset market.
The tell-tale sign is that people are just piling in to purchase at very high prices.
White line is placed at the "trap". The best place to execute a trade.
Red line is where I went short believing the rally was over.
Blue Line is where I have my bids set on the exchange.
It is possible that RSR continues climbing higher but my chart is showing that the odds are in favour of a downtrend towards 0.0021 and 0.0020.
I started this year with the mindset of only closing winning trades. I.e I am willing to hold positions that are negative in equity until I can close them at break-even or at a win.
Currently this is the only position where the potential to close at a loss is real! This would be the first loss of 2023.
Perspective is important, and closing a single losing trade was not part of my plan but on the bright-side It is starting to look like we are at the beginning of a new macro rally in the digital asset market.
The tell-tale sign is that people are just piling in to purchase at very high prices.