ShineChain (SHE) Channel 40% Concave bottom. Market entry points

ShineChain (SHE)
The beginning of the upward movement from the support of the channel, then the rollback and the breakout of the support. Perhaps there are a lot of "passengers" in the channel and you need to get rid of them. The coin is very manipulative as it has little liquidity and only Huobi Global can truly trade. The one with the larger volume influences the price.
It is possible that the return to the channel will occur through the concave bottom. For example, check out my ERD / BTC trading idea (EGLD after swap), there was a similar action, but there was liquidity. Breakthrough of the horizontal channel of accumulation, fixing the price below it, killing faith, returning to the channel through a concave bottom and super pumping the price + 1750%. This is how most altcoins work, look at IOTA, BLZ, LRC, AST, OMG and others, which were pumped up very much. Passengers should always be dropped.

ERD (EGLD)
+480%
+1730%

IOTA
+70%

OMG/BTC
+70%
+910%


I think the logic of work is clear according to the schedule. Enter in cases of confirmation of support and price reversal from it. Working with a large amount will not work, the liquidity is small. The coin is more for work of people with a small deposit or for training. It can also be used in split groups by correlation in management if you are an experienced trader.

Resetting a position before important resistance levels (zones). You can work in parts.

Don't be greedy when trading. Greed breeds poverty.

It is also important to exit the market on time and not suffer losses if the price goes against you. To do this, it is not necessary to use Stop - Loss, but to understand under what conditions the trend will reverse. Therefore, the entry point is so important, and not the Stop-Loss size if you use them. If Stop -Loss triggered or there was a trend reversal. Wait for a new good entry point to appear. Do not enter the market ahead of time. When the trend reverses and develops - re-entry. You need to understand that on most of these altcoins there is no margin trading, therefore, it will not work to short.

There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.


Past idea + 166%
ShineChain (SHE) Channel 60% Price near support Coin operation


Result. + 54% to the resistance of the channel of accumulation, a breakout of its rollback and consolidation, the continuation of the movement

Notice how Stop - Loss is knocked out before the trend reversal. In almost all cases, Stop - Loss of programmed "obedient traders" is knocked out on any instrument before the trend reversal. Track this on any graphs.

Therefore, the entry point with a good profit / risk ratio is so important, and not the Stop - Loss itself, or even more its size, if you use them. I will not delve into deposit management here. You need to understand that it is always impossible to predict everything.

Do not believe those who say that they always trade only with a plus, this is not possible. It is possible only when a person does not trade, but argues according to old charts ("traders" who teach but do not trade), there are many masters for this. No matter how cunning and experienced you are on the market, sooner or later there will be someone who will honestly beat you.


Result. Taking the second target zone + 166%

The real profit is much lower. This has been described and explained in detail in a series of articles on liquidity, pick and drop zones. Work on pumps / dumps and output from accumulation channels. If I have time, I will publish the idea of trading the alt on which I have been positionally working for 1 year, there I will cover the topic of liquidity, working amount and price movements.