MARA and RIOT Oversold - Good Buying Opportunity
Technically, MARA and RIOT were both oversold last week and that downward momentum coupled with Bitcoin's key support levels provided an excellent buying opportunity with a high rate of success.
This proved true, as Bitcoin, MARA and RIOT bounced off the key levels of support, and the trade profits grew in size.
It is almost always better to wait for the perfect opportunity than to rush in and buy.
By waiting, you ensure you will not have high draw-down levels once you enter the trade.
For people trading with their life savings, that can cause a panic, and a swift panic-sell loss that may later turn into a hypothetical gain, without their investment.
This proved true, as Bitcoin, MARA and RIOT bounced off the key levels of support, and the trade profits grew in size.
It is almost always better to wait for the perfect opportunity than to rush in and buy.
By waiting, you ensure you will not have high draw-down levels once you enter the trade.
For people trading with their life savings, that can cause a panic, and a swift panic-sell loss that may later turn into a hypothetical gain, without their investment.
Comment:
Up $1600 on MARA and $600 on RIOT