this is my 6th recommendation in the altcoin crypto market for this cycle. as I start every post first let me briefly describe what you are seeing on the chart. In white you can see the price of SANDUSDT , while in black that's the set of technical indicators that I'm using. This set is composed of simple moving averages with the following period lengths (20, 40 , 80, 160, 320, 640, 1280, 2560, 4999). the purpose of using this methodology is to analyze both the trend and volatility over the short-term, mid-term, and long-term. it is worth noting that this is a line chart with each data point equal (H + L) / 2 OF 2H candle sticks. This chart covers the last 6 months.
Now, let's get to how I got this prediction. basically this setup has two modes; compressed which is the buy zone and, stretched which is the sell zone. the compressed mode is when the price and short-term moving averages get closer to the longer-term moving averages, while the stretched mode is when the price and short-term moving averages get further away from the longer-term moving averages. to trade this, the more compressed it is the more you buy and the more stretched it is the more you sell while in between you just freeze. Now if you look at the chart you will find SANDUSDT is in the compressed mode and you will see that it has very strong long-term trend, it doubles on average every 55 days (I usually use average logarithmic return to reach this result) which means that you are buying a very strong crypto-asset at its fair price, which I consider a bargain especially in a bull market.
with all that said my conclusion is that SANDUSDT is expected to be one of the best performing crypto-assets in the next week or two. please follow in order to see updates if the asset reaches the selling zone, and to see my new trading ideas.
please like, and ask any questions in the comments. also If you like my ideas please support me by offering a job or you can just tip me through my SAND wallet address bellow:
@SalmanQamar, first of all my advice for you is to immediately stop using leverage no matter how professional you are because it's one of the most destructive forces in finance. my second advice for you is diversification, a well diversified portfolio is the best risk management strategy. 3rd I advise you to always be less than 100% invested meaning if you have for example $1000 your investments should always be less than $1000. less is more.
SalmanQamar
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@wolfofArabia, Great for your piece of advice. My liquidation value is $0.50 so should i wait few days for the bounce? or it will never bounce.
@wolfofArabia, No no i have just 25% of funds on stake due to this trade. and i have funds to decrease liquidity. but asking for advice if it looks to you that there is no chances that it bounce to its 7 days back position within next 7 days.
I have no worries in waiting.
wolfofArabia
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@SalmanQamar, well, that depends on BTC in the first place. but as far as I'm concerned you're carrying too much risk on this trade alone, 25% is too much on one trade. if BTC goes down you're ruined. I'm being honest with you. leverage will ruin you financially.
SalmanQamar
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@wolfofArabia, i agree 25% is too much.
The only thing i can do is Hope that BTC to go up.
Yes some lessons learnt are only after loss.
Lets hope for the best.
Thanks for your time and suggestions.