Watch blue line as support line, i hope we can bounce here, still very risky to trade in such environment
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touched support perfectly
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I suggest you to trade only 1h+ timeframes or even higher, learn basic candlestick patterns, reversal RSI scenario (hidden divergences) and trendlines on big timeframes. Moreover, the bigger your portfolio will get you will notice that bigger timeframes is the right way to trade, cheers!
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if we break green line we will touch blue resist line eventually, hold your coins atm
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no updates atm on the market, watch 4h chart closely, dont look at small timeframes, its all about holding the support lines
The ol pennant pattern in a over all bull trend.... $550 in 60 days....
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nicely done
28carslater
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Looks like it could be a falling wedge... candle touched 136 low today. If there is a wedge, it should either breakout or breakdown by about 75% of the pattern, which should be by the end of the month.
I think it is a better strategy to cast your ladder buys.
At each $10 or $20 dip, pick up a few coins. This way you buy low and when the correction is over in a few weeks, you can cast away all the coins you bought at a higher point before the correction.
OsamaAlani
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@xleratehighlander, Great Strategy! That's exactly what the smart ones are doing right now!
Pyrex1lol
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@xleratehighlander, imo best strategy is to confirm we are still in an uptrend, but if we break this blue line i will be looking for hidden divergences on daily, weekly.