Today we encountered bloodbath – ehh these emotions. People tend to make up their minds relaying on emotions. They tend to follow the crowd too. This is a suicide strategy.
Remember – BUY low SELL high no matter, which interval you choose.
Use indicators properly to a situation and interval applied.
The most important – don’t panic and stay patient.
Pay token is currently one of few ones which actually grow.
It seems to be rather short-term as the markets’ moods are lousy.
So our question is whether we can earn some money today?
We observed the Pattern (1-5). There is 5th leg missing so we can expect to notice it within upcoming hours.
Here is our applied strategy.
We use 21 and 21 ( ) .
Once 21 crosses WMA21 up this is a signal to enter the position.
We also applied observing, as usual, when the chart crosses TenkanSen.
This is the extra indicator which works well. This is for double checking.
Let’s wait till we break the height from the previous bar which is at 0.00009806.
We also have to be aware of . We need a bigger green candle – definitely.
We also have to wait for bull’s cross on .
This is nothing sophisticated but sometimes the best we can do is to keep it simple.
So Traders. Will we earn some money today? At least tiny %?
What are your opinions?
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How far can we go? Time will tell. For the time being move your stop-loss up. We set is at 0.00009700