I'm waiting with my position on POWER LEDGER, as it didn't close that correction as I would like it to (which is 1:1 to previous correction).
Always invest accordingly to your own rules, and never break them (it's the hard part). In bear market I'm looking for coin with decent volume, I'm waiting for low RSI, strong support lines, Fibonacci levels and 1:1 corrections. And Stop-Loss is a must. I burned so many trades just because I didn't set a stop-loss, that it's my top priority now.
POWR has:
decent Volume, too high RSI (I'm looking for something below 30), it's close to strong Fibonacci lvl (88.60%), it's close to 1:1 correction. So it's still not where I would want it to be, but let's watch POWR for now, as it can grow from 2150 to 5000 satoshi (which is over 120% of gains).
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@Bitwet, Same as it was before. I'm waiting for it to reach that lower support line.
I was analyzing this coin on daily chart so it will take days or over a week for it to reach that point. And I think that it eventually will, as almost every coin reached 88.6% of correction.
Bitwet
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@Voytech, Thank you as I agree with what you said. Although this price is very tempting to buy in. Im going to start Building up my Power coins today possibly and keep adding over time. I could totally be wrong as well. Woth giving it a shot for the long term future. Enjoy the day