As Bitcoin is consolidating it may be an opportunity to the alts to peform after been correcting since Bitcoin's dominance were sucking alts powers.
This is a correlated idea about Bitcoin's dominance that you could check it out:
Neo were one of them that been showing so much strenght.
As you can see in the chart we can test the trend channel, I've bought a small position at 0.0003949, if prices stays above 0.0005000 and I don't get stopped I will make another buy on that zone until first target at 0.0006900.
This is a swing trade and so you got to deal with every correction between the target, to so is really important to keep protected use stops to meansure your gains and avoid loss.
STOP LOSS: 0.0003335 (-15%)
(I've started small, if I loss -15% it won't be a problem at all. Never go all in)
STOP GAIN:
0.0006920 (+80%)
Keep it simple.
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Manage your stop according to your risk management. This is not financial advice.
I wish this were true ... but I think we are far from that now... I will be stepping back into cash for a few weeks to see what develops ... maybe it will go up ... just appears unlikely for now ... if it was going to do this, it should and would have already done so. good luck
LuanCeli
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@coinlife We'll theres always a chance to thing get wrong, you're right! If you're waiting for a better moment you also are right, that's how you do your thing and you got to respect your strategy. When I did this chart I first thought where it would target and if it worth risk. I entered small and if I'm right I'll keep buying until my target, if I'm wrong I'll be losing small so I'm not so worried if things go wrong or if we're far from my target. I'm using stop. Thank you for your opinion! :)