Hi all,
I've been day trading crypto with a decent amount of success for the past month or so now. My strategy is generally to play bounces when coins get oversold. I plan to start posting most of my trades here.
It looks like VEN could see a nice bounce here but this is definitely a short term trade and I will be watching the 15 minute chart closely.
Looking for 2-3.5% profit on this one.
I am waiting for Mac D confirmation on the 15 minute chart before entering this trade. will send an update if i pull the triggger
That being said I will be keeping my eye on VEN as it is currently very oversold on the daily chart and could see a nice bounce in the near future. I will send an update about this if I gain more confidence in this trade.
I've been day trading crypto with a decent amount of success for the past month or so now. My strategy is generally to play bounces when coins get oversold. I plan to start posting most of my trades here.
It looks like VEN could see a nice bounce here but this is definitely a short term trade and I will be watching the 15 minute chart closely.
Looking for 2-3.5% profit on this one.
I am waiting for Mac D confirmation on the 15 minute chart before entering this trade. will send an update if i pull the triggger
That being said I will be keeping my eye on VEN as it is currently very oversold on the daily chart and could see a nice bounce in the near future. I will send an update about this if I gain more confidence in this trade.
Comment:
Looks like this one didn't pan out quite like I expected it to. The trend reversal signal I mentioned above occurred and I sold at a price of 0.00029718.
This being said we are approaching oversold territory on the 5 min chart so I'm worried that momentum will be lost. Im keeping my eye on the 15 min MAC D to signal a trend reversal(blue crossing back below the orange) if a trend reversal occurs on the 15 min chart I will exit the trade.