I have not been focusing so much on SHIB, I'm sorry for that. But that is because I'm not worried about selling my position. I have already committed to HODLing in the long run.
As the market begins to finally decide it's true direction, I feel these areas will be significant for your own monitoring and trading decisions.
Have a great day. I hope all your investments 100x.
As the market begins to finally decide it's true direction, I feel these areas will be significant for your own monitoring and trading decisions.
Have a great day. I hope all your investments 100x.
Comment:
As you can see. My magic chart doodles have utterly and completely controlled the entire market to reach this point. Thats right Crypto AI entity. You're moves are predictable and corruptible.
I'll say it until you begin to live by it:
"Buy low, sell High."
What does that really mean?
When you are seeing positive candles consecutively (regardless of time period, depends on what timeframe you are trading at) you take PARTIAL profits.
Partial, because the price can continue going up, and just 10% profits in one area, is possibly worth 20% more a few candles later. But be aware, the same can be applied in the opposite direction and your losses can see the same %.
You can reduce the risk of loss if you stricly place orders on the bottom by support levels when the candles are bleeding.
You don't have to bet it all on just one support level or resistance level.
Partial orders going down, and partial profits going up.
Slow and steady, little by little, gradual gains, etc.
Never think to yourself:
'But if I add a little more now/If I don't sell any now, I can make even more later.'
That's the best way to lose it all.
Have a great day, and please, don't get wrecked with money you and your family cannot live without.