This is part of a batched set of target posts. The objective is to provide entries and exits, so the writeup will be standardized.
Suggested implementation strategy: Set a stop-limit order above the price if you're looking for a better entry so that if it runs unexpectedly, you'll not miss out.. Then take your time in trying to gain the lowest possible entry. If the price goes down during this period, move the stop-limit order down along with it..
i find it interesting that your target is that high
how is the trade going so far (i have not seen any update so gotta ask)
Rebelmedia
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@SimpLeeFiX, It was originally intended as a scalp.. 30% is not at all high.. Then the BTC retracement I had been waiting for and calling incorrectly on multiple occasions happened, so now it's a 50% potential gain.. To better understand crypto and ATH levels, do some investigating into historic pricing.. Crypto in particular has a tendency to hit the same ATH zones (but also smaller highs in between bullruns) twice.. This makes it a good rule of thumb to find the ATH and measure the difference between that and the current price in order to get an idea of potential growth.. If you notice that there are already a matched pair, then you can safely expect the next ATH to be considerably higher than the last.. If, like now, alts are still relatively low in their cycles, it's likely that they'll return to previous ATH levels pretty quickly, retrace a little and then continue to new highs.. That makes the run from current prices up to previous ATH levels a sure thing..
The secret to understanding the actual potential growth of any crypto is in applying these principles to both the ALTUSDT and ALTBTC charts and respective ATH levels.. Consider the relative BTC price then vs the same price now.. If the matched pairs are to repeat on the BTC chart, what would that do to the ALTUSDT price? You'll know you've cracked it when the resulting price is unbelievably high.. That's what you should aim for.. Tens and pretty often, hundreds of times higher than current price.. That's where the market is heading next.. Don't tell anyone I told you this..
Rebelmedia
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@SimpLeeFiX, Test my claim.. Go to the XRPBTC chart.. Way back, you'll find matched highs that seem remarkably similar to the BTC matched pairs.. It's all fractal.. Apply this principle to everything, and you'll reach enlightenment..
how is the trade going so far (i have not seen any update so gotta ask)