BNB - Building a VCP- Volume Contraction Pattern base
BNB building a beautiful consolidating base, a VCP - Volume Contraction Pattern. The volume is slowly drying up (except for some pumps here and there) and the price range is getting tighter as it moves up the right side of the base. I expect it form progressively smaller bases within the larger base as drawn.
Now is a good entry point with a 7-13% stop loss. Can also watch and buy on the breakout.
Crypto 2021 Strategy notes:
I enter trades in 5 and 10% positions (of total trading portolio). If possible I look to add to succesful positions to a max of 25% total of portfolio.
For this cryptocurrency 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halfs. I look for 80-100% gains for further profit taking.
Depending on the coin and cycle of its pumps, I hold some of my position through 100-200-300% returns on the lucky ones, taking profits on the way up. ($LUNA, $ADA)
Now is a good entry point with a 7-13% stop loss. Can also watch and buy on the breakout.
Crypto 2021 Strategy notes:
I enter trades in 5 and 10% positions (of total trading portolio). If possible I look to add to succesful positions to a max of 25% total of portfolio.
For this cryptocurrency 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halfs. I look for 80-100% gains for further profit taking.
Depending on the coin and cycle of its pumps, I hold some of my position through 100-200-300% returns on the lucky ones, taking profits on the way up. ($LUNA, $ADA)
@eddietradezz