If and only if the price respects the blue support then it had better be true that the price will reach $4,704.97 by June of 2021 or before. Obviously, if the price breaches the blue support then this idea is invalid.
Think long term. Who cares about short term meager profits!
Take the number of your MCO tokens and multiply by $4,704.97. Write that number down on a piece of paper. And, think of that number the next time you have the urge to dump your tokens on the market at today's rate.
It is far better to buy more tokens when there are clearance sales than to short the market. You see, in theory you can short the market to accumulate more tokens. But, this requires experience, sound decision-making skills, constant monitoring of charts, and a gut made of steel. And, if you are wrong on a trade, then you will buy back into the market at a higher price with less tokens which defeats the objective. If you are right, then you will be rewarded with more tokens on that specific trade. However, there will come a time when you are wrong and that trade will cost you dearly. I speak from experience.
Therefore, it is far better to hold your tokens long term while adding to your position when things go on sale. This method will give you great peace of mind. You won't be robbed of sleep because you are worried about the market taking off without you.
Trading cryptocurrencies can lead to many problems like high levels of stress, anxiety, severe depression, post traumatic stress disorder, loss of appetite, ruined relationships, etc.
In my opinion, after months of experience in the crypto market, I have concluded that it is far better to go for a long-term investment than to trade. This holds true from a financial, emotional, and psychological perspective.
This post isn't intended to be investment advice.
Think long term. Who cares about short term meager profits!
Take the number of your MCO tokens and multiply by $4,704.97. Write that number down on a piece of paper. And, think of that number the next time you have the urge to dump your tokens on the market at today's rate.
It is far better to buy more tokens when there are clearance sales than to short the market. You see, in theory you can short the market to accumulate more tokens. But, this requires experience, sound decision-making skills, constant monitoring of charts, and a gut made of steel. And, if you are wrong on a trade, then you will buy back into the market at a higher price with less tokens which defeats the objective. If you are right, then you will be rewarded with more tokens on that specific trade. However, there will come a time when you are wrong and that trade will cost you dearly. I speak from experience.
Therefore, it is far better to hold your tokens long term while adding to your position when things go on sale. This method will give you great peace of mind. You won't be robbed of sleep because you are worried about the market taking off without you.
Trading cryptocurrencies can lead to many problems like high levels of stress, anxiety, severe depression, post traumatic stress disorder, loss of appetite, ruined relationships, etc.
In my opinion, after months of experience in the crypto market, I have concluded that it is far better to go for a long-term investment than to trade. This holds true from a financial, emotional, and psychological perspective.
This post isn't intended to be investment advice.
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Next bull run:
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MCO-BTC projection:
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![Reversal Zone [$6.07 - $4.33]](https://s3.tradingview.com/b/bOTAXYWB_big.png)
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![Short-Term Sell Zone: [$19.67 - $28.99]](https://s3.tradingview.com/9/9jL9TcpG_big.png)
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MCO should thrive during Bitcoin's reversal.
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