AVAX breaking the short term downtrend after having a few touches and getting rejected from it.
Personally, I opened a trade and will go with the new trend. My only risk is this trade could be SL hunt to gather liquidity for short. However, my counterargument that BTC is bullish and there is money flowing to the market. In addition I have SL on stand by for...
I think XLM has some good potential for a rise, even though hasn't been in a SL hunt yet and that is the only problem with this idea.
Nonetheless, we are seeing a squeeze in the price(fight) between support and resistance. IF a break to the upward happened, I will enter a long trade according to my idea. SL will be determined upon entry.
I have been shorting the market lately, not because I am bearish nor bullish, frankly, I don't care. I just trade according to what the market conditions are.
Now with BTC breaking below the 40K, and if it keeps going this way I am 75% sure this idea will play out.
LTC has it 5%-7% drop, and now it is breathing till the next move. What is the next move? this is...