This is my third published TA. I am very much a noob but I seem to be picking it up quick enough. My first four trades were successful and profitable so I decided to publish my fifth one for you guys. My strategy is to find quick and relatively risk free scalps and get in/get out as quick as possible.
I am very much open to constructive criticism and/or feedback and would very much appreciate it!
As long as Bitcoin doesn't do anything crazy I'm expecting MFT to run well, and soon. I haven't bought yet but I'm keeping a close eye. If it manages to turn 45 Sats into support I will be looking to buy.
BuyZone - 48-49 Sats.
Safe Sell - 54 Sats - (12.79%)
First Target - 60 Sats - (25.96%)
Second Target - 66 Sats - (38.40%)
Third Target - 69 Sats - (44.01%)
Fourth Target - 73 Sats - (51.83%)
Stop Loss - 44/43 Sats (Potential loss of 5.57% if bought at 48).
Personally I'll be looking to buy at 48 Sats and selling at the 'safe' target of 54 Sats for a quick 12.79%.
Depending on how hard it pumps I may let it run and set staggered stop losses.
Follow me on Twitter @SirSaltyThe1st
Good luck!
I am very much open to constructive criticism and/or feedback and would very much appreciate it!
As long as Bitcoin doesn't do anything crazy I'm expecting MFT to run well, and soon. I haven't bought yet but I'm keeping a close eye. If it manages to turn 45 Sats into support I will be looking to buy.
BuyZone - 48-49 Sats.
Safe Sell - 54 Sats - (12.79%)
First Target - 60 Sats - (25.96%)
Second Target - 66 Sats - (38.40%)
Third Target - 69 Sats - (44.01%)
Fourth Target - 73 Sats - (51.83%)
Stop Loss - 44/43 Sats (Potential loss of 5.57% if bought at 48).
Personally I'll be looking to buy at 48 Sats and selling at the 'safe' target of 54 Sats for a quick 12.79%.
Depending on how hard it pumps I may let it run and set staggered stop losses.
Follow me on Twitter @SirSaltyThe1st
Good luck!
Comment:
My $MFT charting expedition was almost a complete failure. I must say I let my emotions get the better of me. I love this project so much I'm practically married to it, I let that emotion cloud my judgement. I panic bought for a local high like a pleb.
I then realised my mistake and made perhaps the further mistake of selling and buying into something else rashly. That something else happened to be $DGD which I sold again for $THETA..
$DGD is a perfectly fine project and the chart is perfectly delicious but it was a heated decision made in what was tantamount to a gambling binge outburst.
Because of my mental health issues (bipolar) I have to be very careful of outbursts like this which can have ultimately have a catastrophically detrimental impact on my trading performance.
I had a binge basically. Almost like a rebellion. The old shItty trader in me got the better and I acted out of fear rather than anything rational. Something to learn from in the future.
Onwards and upwards!
You live & you learn. I'm going to keep an eye on MainFrame for a good entry as it is legitimately one of my favorite projects. I can honestly seeing this being a top 10 project in the near future.
Don't sleep on it!
I then realised my mistake and made perhaps the further mistake of selling and buying into something else rashly. That something else happened to be $DGD which I sold again for $THETA..
$DGD is a perfectly fine project and the chart is perfectly delicious but it was a heated decision made in what was tantamount to a gambling binge outburst.
Because of my mental health issues (bipolar) I have to be very careful of outbursts like this which can have ultimately have a catastrophically detrimental impact on my trading performance.
I had a binge basically. Almost like a rebellion. The old shItty trader in me got the better and I acted out of fear rather than anything rational. Something to learn from in the future.
Onwards and upwards!
You live & you learn. I'm going to keep an eye on MainFrame for a good entry as it is legitimately one of my favorite projects. I can honestly seeing this being a top 10 project in the near future.
Don't sleep on it!
I'll now be focusing primarily on MainFrame $MFT. I rushed into the trade because I love the project and would kick myself if I missed a decent entry because people FOMO'd too quick. $MFT has a habit of moving very impulsively when it does.
I'm very much interested in MainFrame for the long term so I want to be stacking as many coins as I can over time and anything under 100 sats I would consider an okay buy long-term, but sub 50 is a dream.
Anyone who decides to follow my trades please stick to the safest entries & exits on the charts. If you want to let things run then consider using the last target(s) as a staggered stop loss.