Notice how the corrections during this rally are relatively minor.
The retracement that follows each rally ranges between 14% - 27%.
Don't get caught on the wrong side of the market in an attempt to short the price for the purpose of accumulating more MCO tokens.
It is very difficult to time the market.
If your timing is off then you might find yourself selling too early only to pay a much higher price when the price launches in a vertical direction.
Don't get left behind.
There are appropriate levels to take profit. That being said, you don't want to take profit prematurely.
This particular rally is a wave 3. Wave 3 in Elliot wave theory is typically very violent and the corrections are relatively minor.
There will be very good opportunities to short the market but it would be best after the price has gone on a massive bull run.
Of course, these are my opinions based on experience in this market. This isn't investment advice.
The retracement that follows each rally ranges between 14% - 27%.
Don't get caught on the wrong side of the market in an attempt to short the price for the purpose of accumulating more MCO tokens.
It is very difficult to time the market.
If your timing is off then you might find yourself selling too early only to pay a much higher price when the price launches in a vertical direction.
Don't get left behind.
There are appropriate levels to take profit. That being said, you don't want to take profit prematurely.
This particular rally is a wave 3. Wave 3 in Elliot wave theory is typically very violent and the corrections are relatively minor.
There will be very good opportunities to short the market but it would be best after the price has gone on a massive bull run.
Of course, these are my opinions based on experience in this market. This isn't investment advice.
Comment:
Steeper correction during this fall since this is a wave 2 of the larger structure.