If you compare SHIBA, CRV, and ICP, you will realize that all of them have the same chart and pattern. So far, CRV has made %76 profit for us. I highly recommend that you hold CRV and ICP for a longer period of time. It takes patience and needs time to make profit. As a piece of advice, whenever you are in profit, you can take your profit and enjoy. Follow for more. Cheers!
I am accumulating since the June lows and i am patiently waiting. This is a medium 5X and long term 20X in my opinion. Thanks for sharing your analysis!
OmidTrading2
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@benarni, you are welcome. Setting stop loss and take profit is an absolute must. Enjoy!
benarni
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@OmidTrading2 of course, stop loss is useful MOST of the times. But here i decided not to set one. ICP is volatile as hell, and with any reasonable stop loss you might get wicked out easily. I think this token is better enjoyed as a buy and hold until your more ambitious targets are met. Oldschool hodling ;-)
OmidTrading2
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@benarni, I recommend that if you are in profit, for example, about $200, you can set your stop loss with $30 profit and no loss. If the market goes down, you not only make money and profit, but have no loss.
benarni
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@OmidTrading2, thanks for your kind advice. I use this no-loss-stop-loss-tactic quite often. But this is a positional trade for me. And positional trades don't require any automatically executed stop loss IMO. It's more about observing a potentially undervalued asset, trying to buy the bottom when you spot it, and if your entry was too early to DCA it down to the reversal point. If it takes a year or two...i am not in a hurry about ICP
Thanks for sharing your analysis!