HODL your horses and keep at your positions. This is storm. But don’t worry we are close to the end of it. Not much room left for further BTC drop down. We mention BTC because it is our bench mark of course. It affects every coin including LISK.
So Traders. Top of the top of Lisk was in the middle of February which is weird as is occurred over a month of the top of BTC . Even more strange is the fact the last top value was achieved with little . So it turns out it is possible.
So the current situation is as follows.
The price of Lisk has achieved the zone which has been strong resistance since over a year time. Can we go even lower? OF course it is possible as in general market is unstable.
Our goal is to keep an eye on this coin and buy it as soon as we notice any positive movements.
On the first chart with we can see clearly .
We can also see on Weis indicator there is no . We have to wait till the interest shows up.
Looking on we can see there are no signs of trend reversal although it may happen suddenly.
The most interesting is Sentiment Zone Oscillator which calculates how many past sessions (in this case weeks) were closed with profit and losses. It shows us we are really at the bottom. Of course we can have couple of such bottoms before the rally but anyway we are somehow touching this level.
When looking at we are still in bear market – we are under TenkanSen and TenkanSen is below KijunSen. Let’s wait till this situation alters.
It terms of Profit/Risk ratio this calculation turns out to be extremely beneficial.
Let’s assume you invest $100. Let’s assume you can lose it all (which we don’t believe as LISK is very solid project but supposedly the price can drop down up to 10 000 satoshi which means 80% loss). Ok let’s stay with the idea of the complete loss. We risk $100.
ATH took place as previously mentioned in the middle of February with 34 000 satoshis. Today’s price is 50 000 satoshi swhich gives us possibility to multiply our $100 by 6,8 . It gives 680 dollars from each $100 invested. Our profit is $580. Of course it can take months. But look. You risk $100 but you can earn $580. This is VERY VERY VERY good profit/loss ratio isn’t it? Loss is possible but also reward is very high. We try to find project with maximum high profit/loss ratio. THe more you have such projects in your portfolio the more likely you earn decent amount of money.
This is the more general idea of risk management and strategy of investing into certain types of crypto.
So set your alarms. Stay cool and vigilant. BE PATIENT. THIS IS THE KEY.
Let’s wait for trend reversal.
What do you guys think of this strategy? Would you invest? Do you feel safe? Does it sound logical?
Do not hesitate to comment down below!