But also for your regular joe, Dash is penetrating the market from most angles.
While I am writing this up something came along and I need to go, so will have to fill in my thoughts on Dash's fundamentals later. I'll post a comment later on.
Same as above.
- Buy - 470 USD
- First Sell - 640 USD
- Second Sell - 880 USD
- Stop Loss - Below 400 Support
But on the more important note, TARGET HIT!
My first target was right under the 1.618 at 640 USD. It barely broke it but candle closed below and it looks like we are going down some for now. Making this a great play!
As you can see on this update I am looking to re-enter this position if price falls down to the median support. 555 USD is a good number to have a buy order.
If I can get a good entry here and support holds we can start looking for that second target, which will be 880 USD.
Should the price continue to go up and no good entry is presented I will simply walk away and put my money elsewhere. This trade yielded a very nice profit of 26.5%!
It's important to be rational and cold headed when doing this line of work. Greed has to no place in a traders mind. 26.5% is gold, and I can happily walk away from that :)
There was an opportunity to go long when it was testing 600, but I did not take it. As I was looking lower down the chart.
However, I am looking to sell my long time holdings of Dash if price goes to my second sell area. So chart is still interesting to me. Let's see how it goes :)
But I aint complaining. Sold out what I had of Dash earlier today at 750 USD.
I warned about it and its about to unfold. Like I said, cash is king when things turn and now my portfolio is mainly that.