A daily summary of the previous day’s market activity and review of current state of market on Cryptos.
Analysis
Daily Time Frame read
On the daily TF after the price breached the green ray we are in overall buyer’s territory and I could see the momentum of buyers is slowing down as they face a resistance near the 0.085 Sats and we got a pull back to do some other buys. I can’t see a buy rite away but I have a bullish perspective and bearish perspective towards this pair. Let’s see how price is behaving on 240H.
240H Time Frame read
On the 240H we can see price is hovering around orange Ray, which acted as a support before and now holding strongly and it took many hours for the price to decide which direction it has to go when correlating with BTC it has strength and thus Dash has weakness, thought this quote currency has weakness it is holding strong near the support. I anticipate buying is coming up.
Entries, Exits
Entry can be above 0.080 Sats and target can be 0.09 Sats.
Entries and exits are tentative I am just reviews the market how it can perform.
Aggressive Entries and Stop loss
If you are quite aggressive in nature and don’t want to lose few Sats then you can enter the trade now and. SL below the wick.
Conservative Entries
If you are conservative in nature then you can enter the trade one we get pullback to the 0.08 Sats and then leaves a wick at the bottom, come up aggressively and then holds there for a bit and then making a miniature HH then you can enter the trade and SL below the wick.
If price don’t come until there leave the trade let it go off, why buying so high. We need pullbacks to buy.
Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick under the green Ray.
Position Size should be calculated based on 1% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
Trade Management
• Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries).
Add few more position once you see a HH and struggling sellers in between the green ray and orange ray (Only conservative entries).
What can go wrong with the market?
If BTC have good strength then trade might go in opposite direction n only once or two candles and comes right back up thus stop hinting will take plac
Analysis
Daily Time Frame read
On the daily TF after the price breached the green ray we are in overall buyer’s territory and I could see the momentum of buyers is slowing down as they face a resistance near the 0.085 Sats and we got a pull back to do some other buys. I can’t see a buy rite away but I have a bullish perspective and bearish perspective towards this pair. Let’s see how price is behaving on 240H.
240H Time Frame read
On the 240H we can see price is hovering around orange Ray, which acted as a support before and now holding strongly and it took many hours for the price to decide which direction it has to go when correlating with BTC it has strength and thus Dash has weakness, thought this quote currency has weakness it is holding strong near the support. I anticipate buying is coming up.
Entries, Exits
Entry can be above 0.080 Sats and target can be 0.09 Sats.
Entries and exits are tentative I am just reviews the market how it can perform.
Aggressive Entries and Stop loss
If you are quite aggressive in nature and don’t want to lose few Sats then you can enter the trade now and. SL below the wick.
Conservative Entries
If you are conservative in nature then you can enter the trade one we get pullback to the 0.08 Sats and then leaves a wick at the bottom, come up aggressively and then holds there for a bit and then making a miniature HH then you can enter the trade and SL below the wick.
If price don’t come until there leave the trade let it go off, why buying so high. We need pullbacks to buy.
Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick under the green Ray.
Position Size should be calculated based on 1% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
Trade Management
• Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries).
Add few more position once you see a HH and struggling sellers in between the green ray and orange ray (Only conservative entries).
What can go wrong with the market?
If BTC have good strength then trade might go in opposite direction n only once or two candles and comes right back up thus stop hinting will take plac