kncokoff

ONTUSDT Navigating through bear market prices

Long
kncokoff Updated   
BINANCE:ONTUSDT   Ontology / TetherUS
ONTUSDT
As other coins provide profits it is always inteligent to cash out some and reinvest others.
On that second point, i came across ONTUSDT. I find pretty interesting that an active project has fallen behind in terms of market cap and when looking at its prices (both USDT and BTC pairs) It is one of the fews that hasn't top ATH and recently broke out from it's bottom consolidation.
I find it pretty attractive to buy small quantities on each pullback to the previous supply zones as we navigate through them, as long as tha uptrend continues in high timeframes.
Ofcourse this is not financial advise, I just use this to clear my thoughts... It is great when it seems you have find yourself a good hedge, but, with the high risk associated to this markets... positions must be in line so the portfolio doesn't break down (We are trading not betting! xD)
Stay humble enjoy the journey!
Comment:
Bottom indicator is just the 6 periods ATR as closing price percentage

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.