ANKR is one coin which I regret not picking up back in Jan'21. However, given my trading approach (stress minimisation, long-term trading, trade minimisation, *and* take time to understand the personality of what you trade), I don't think I will be picking up ANKR any time soon. Nonetheless, let's take some time to appreciate ANKRUSDT here. Nice Fibs. Check. 8W SMA over 21W EMA over 20W SMA. Check. Bounced off the 8W SMA despite the recent BTCUSD correction. Check. What a beaut! If only I picked up some in Jan'21.
RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a huge risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage, if at all, and use tight stop loss.
Comment
⋅
Decided to add a risk disclaimer after encountering some toxic individuals who seems to not adhere to Mill's Harm Principle.
Comment
⋅
Note to self. Failure of the 8W SMA did not lead to a retest of the 20W SMA, but to Fib.
@kriptolaneti You are right. It was indeed a fair statement. Things appear very differently at different ranges and different perspectives. Peace.
SabahEquityResearch
⋅
Well done
AlphaBravoCharlie77
⋅
@CountLikeWallStreet, no man...not well done at all. I really regret not picking up ANKR. One of my biggest regrets this bullrun.
option2020
⋅
@TheTradingWoodworker, do you see a pullback soon and what would be the price to re-enter? I don't see many other tokens that are under .20 at coinbase pro/ gemini though. Thanks
AlphaBravoCharlie77
⋅
@option2020 Hi, given that the intent of my post here is really to document down my mistake and regret in not filling my bag with AKNR, I'd really like to beseech you to take my following words with a liberal bucket of salt :)
ANKR has a relatively small cap, and thus its price action will be very volatile. It has strong fundamentals and based on its structure, it seems poised to pump much much higher.
Based on my personal trading strategy, BTCUSD is expected to be in a consolidation phase between 30-75K. As we are nearer 75K than 30K, my focus is on derisking and I'll not buy in new coins if I've not done a tonne of research into it, regardless of how much profit potential it might appear to have atm. This is why regardless of ANKRUSDT's beautiful structure and apparent profitability, I'm not buying any so as to maintain my mental frame and protect it against any possible fud or fomo.
But this is my personal trading strategy, and your risk-reward appetite might be different. NFA, trade at own risk etc.
AlphaBravoCharlie77
⋅
@option2020 I can't seem to edit my reply on my phone, but any pullback will probably appear miniscule in relation to ANKRUSDT's *potential*. Even so, I value my mental frame much more than profit, and will not be deviating from my overall trading strategy set up since 2019 till my reassessment at the end of this bullrun.