Some great news arrived for MTL. Price spikes up and we could see another leg up soon. Before entering wait for a retrace on 0.5 or 0.682 fib level, i.e. 225-230k sat. If the price doesn't drop below we could hit 260k.
I’m a little confused regsrding the strategies that should be used in these instances. I’m just learning and haven’t invested a cent, but would you put a stop loss in on this and other alts, with the intention to sell/ hit BTC with a stop/loss? Or would you hold the BTC? My understanding is BTC is entering the C phase of an ABCD, although I’ve been looking at other charts where it looks like the 5th wave of an Elliot wave cycle. Either way I see it going down. I see experienced traders saying to just hold and others saying to put a stop loss and or sell.
kaisermidas
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@cryptodl7, You can put a stop-loss but they are very tricky sometimes (search "stop-loss hunters"). I'm always holding, especially with a coin that has a catalyst, like MTL today.