LDO - many such cases
While some alts did well over the last two months, there are still a lot of coins that failed to make a lower high.
While chasing momentum on top performers can be very lucrative, I have my eyes on setups like these as well.
We are looking for a high timeframe sweep or point of interest and then simply buy the reclaim, looking to sell on another lower high.
Of course this entry makes most sense if BTC gives us a wider pullback as well, so we can count on BTC making a local higher low.
The fun thing about these setups is that, if you can find a decent invalidation and entry, the first big target to sell is 2x from your entry.
While chasing momentum on top performers can be very lucrative, I have my eyes on setups like these as well.
We are looking for a high timeframe sweep or point of interest and then simply buy the reclaim, looking to sell on another lower high.
Of course this entry makes most sense if BTC gives us a wider pullback as well, so we can count on BTC making a local higher low.
The fun thing about these setups is that, if you can find a decent invalidation and entry, the first big target to sell is 2x from your entry.
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Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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