Low "relative" risk with very high reward. 13-to-1 has a nice fib ring to it. Trading now right at the 50% and inline with previous swing highs which can offer support here. Nice low volume node for a sweetener.
Algos be buying right here. If it breaks the 61.8 they switch to sellers. You don't have to give it that much risk. Nothing wrong with keeping the stop at your comfort level and looking for a re-entry if this support zone breaks. Lot's of FUD today which creates both opportunity and additional risk. Algos don't care. They buy at the 50% and expect that you won't. But also don't care if you do. Your best chance for success... ski in their wake.
Stay technical my friends. On days like this, it's your golden rope and your life line...
Algos be buying right here. If it breaks the 61.8 they switch to sellers. You don't have to give it that much risk. Nothing wrong with keeping the stop at your comfort level and looking for a re-entry if this support zone breaks. Lot's of FUD today which creates both opportunity and additional risk. Algos don't care. They buy at the 50% and expect that you won't. But also don't care if you do. Your best chance for success... ski in their wake.
Stay technical my friends. On days like this, it's your golden rope and your life line...
Crypto Trading and Education - goo.gl/AUxrWz