This trade requires patience and there is no space for impulsiveness. What I mean with proper breakout is that oscillators are in favor of this break out and not against it. Also if you end up buying way too early you end up losing money or waiting a long time until the price reaching your buy target again.
Many of my followers requested a chart for ICON and here you go!
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM -5.53% 0.17% in here or in my twitter. I try to respond ASAP! :)
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat
If you google Risk Management in trades, you will find a lot of helpful articles about it and if you DM me I can link you few of them.
Summarized: The basic idea behind of this, is to get profits small amounts at a time or your initial investment and diversify / allocate them.
Have a nice day too!
Kind Regards Yarr