Unfortunately my last 2 posts were right on target, and price fell off the cliff, piercing through my first downtrend target and the downtrend channel. This is all mega-bearish.
From here on, my trading strategy will depend on where price is:
- below the channel: Only Shorts
- if we get back inside the channel: Only Scalping, preferably shorts
- if we break above the channel: Careful longs, due to the massive resistance at 500
- above 500: full bull mode targeting $1000
From here on, my trading strategy will depend on where price is:
- below the channel: Only Shorts
- if we get back inside the channel: Only Scalping, preferably shorts
- if we break above the channel: Careful longs, due to the massive resistance at 500
- above 500: full bull mode targeting $1000
📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
