RLC / BTC at the moment, a symmetrical triangle with a fantastic base of 190% is forming on a trading instrument after pumping on a pullback. Enter on a breakout or retracement after a breakout to a breakout of this formation.
The coin has acceptable liquidity and has a margin that allows it to work in two directions. Available on Binance and Bitfinex.
It is worth noting that since this asset brought an acceptable profit and even after a rollback the price is far from the zone of the main players' recruitment, I recommend that beginners not participate in trading, especially on margin. Margin is not a game against price, but a game against the stock exchange.
Less risk - less profit! More risk - more profit! Excessive risk - zeroing the deposit!
Intermediate traders who know what risk management is and the right entry point can start trading when a good entry point appears. I have been trading the coin since May 13 (5).
Previous idea profit is + 355% without margin and leverage. A trading idea that was published a little earlier + 475%. I fully accompanied the price from the very beginning of the trend, as I actively participated in trading. You can see this in the updates under the last two trading ideas. The entry point was given a few days before the start of an uptrend at the lowest price.
Past trading idea for this pair: RLC / BTC Falling Wedge Local work.
Result + 357% from the entry point. In the trading idea itself, see in more detail how I followed the price in the trend. + 357% exactly at the price level indicated in the last update of the idea.
The last idea. Published just before the trend reversal. RLC / BTC Downlink. Bull bat. Double bottom. Super pump.
Result. + 474% The price has almost reached the specified "fantastic target level". Likewise, the price was accompanied by updates.
A trader's behavior in the market is the result of his thinking. Whoever understands the thinking of the majority can turn it against the majority. This is not magic. This is the level of intelligence and experience.
Your way of thinking affects your habits, and your habits are basically what makes money or loses it in the market. Put more emphasis on study and training rather than making money. It will pay off.
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There is a breakout of the triangle support. The price has reached an important level. U-turn zone.
Hi Sparta. Thanks for sharing. I don't know if I got it right, maybe the translator changed a few words a little and changed the understanding. Do you believe that RLC can rise again from this point? What would be the possible targets?
SpartaBTC
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@hugujunior, No, I don't believe in any cryptocurrency. I have a "murdered faith"
therefore I have an advantage over other market participants. I trade with a cool head.
shimmeringpath
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@SpartaBTC, Oh my goodness ! I'm starting to think same - all projects have some questionable stuff going on . Some more so than others though . At this point I think many of these projects are just trying to hold on through Bullrun to come .
@hugujunior, There is currently no entry point to the market. The market entry will appear only when the resistance or support of the triangle is broken. (red, green line). Enter on a breakout or pullback after a breakout.
This is trading, not holding crypto air in hopes of earning money.