Volume on matic is building up and I think it will soon slingshot itself up. If we gonna close daily candle lower than the red line I'll get stopped out and try to catch it lowe or re-enter. Might be the chance to catch matic at a good price since I think the bottom on this token is in and we won't see 30 cents
Opened short here at resistance. Hoping for a swing with SL at 145
Bought algo at resistance let's give it another try
That's the resistance I've been talking about. Big pump should follow but with algo it's not that certain lol. Very low risk anyway
An attempt to long sui. Potential for a reversal on a daily chart and 4h chart. Dotted lines are areas of risk 0.9366 last weekly low which is important to hold and the next one is the stop loss. Again low risk trade. I'm hoping to see a short squeeze on SUI cause since it got released it's only dumping
I bough some pepe at 0..12767 and may add more as we are getting close to testing this trend
Update to the current xrp long position as it was not shown on a weekly chart before. Marked a zone where I would add heavily to my position in case of a retest and liquifity grab. Also this zone shows where are we regarding the risk. Once we start closing below risk will grow and it will be the time to look into it wether it's worhlth holding it or not
Regarding spot position in algorand as You can see we've hit the next supply zone on high tf. In theory that's cheap for something what I always perceived as fundamentally strong alt coin. Below are only corona dump levels which are basically cataclismic prices. Does not mean we won't go there, or even head lower. We simply may see some potential demand after...
That's the make or break for Algorand. Yesterday drop ended up with a bull trap and a chance for trend reversal. There are three rules in place now. - We want to stay above the yellow line ( the previous low on a weekly chart ) - Closing below yesterday low invalidates the setup - Closing below 0.1560 will propably mean that Algo will drop to 0.1150
Just to put some more reason behind the decision to re enter short. To sum things up we haven't seen a test at ~31500 (red circle and level marked on a chart). We may still get it but at the moment there is some trouble closing above 29500. If we close above then we gonna see a fight to enter the next bullrun. At the moment it's safer to bet short. If we break...
Just added to short as we tested 4h trend that we broke yesterday or so. We may still see a bullrun test at ~31500 but breaking it should not be easy. From this perspective it looks like the bear market is just getting started. If we break and stay above then then there is a chance for either a triple top or a full bullrun
Above is the chart describing potential swing trade on algorand I mentioned before. Very low risk, stopping if confirms break to the downside