Here is a simple low risk trade for some wanting to dabble in trading. There are several reasons I like this trade.
1) It pulled back to the 0.618 level after a 5 wave small movement and double bottomed.
2) It is starting to consolidate at the 0.618 level
3) It is not pegged to BTC does not necessarily move the same direction
4) It has market penetration and a working product
5) It's in my core holdings
6) Low risk to the downside
Pretty straight forward trade. Look for a breakout of the box to the upside either on strength or a retest of the box. This is where I will look to enter a position based on the RSI levels. Also you could add the stochastic RSI to it as well which I am playing with.
Your exit would be monitored at reentry to the box after breakout.
Simple trade setup I like it a lot!
1) It pulled back to the 0.618 level after a 5 wave small movement and double bottomed.
2) It is starting to consolidate at the 0.618 level
3) It is not pegged to BTC does not necessarily move the same direction
4) It has market penetration and a working product
5) It's in my core holdings
6) Low risk to the downside
Pretty straight forward trade. Look for a breakout of the box to the upside either on strength or a retest of the box. This is where I will look to enter a position based on the RSI levels. Also you could add the stochastic RSI to it as well which I am playing with.
Your exit would be monitored at reentry to the box after breakout.
Simple trade setup I like it a lot!
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Added to my original DASH trade yesterday! $304 level.
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In USD as requested which is more relevant for the trade.
In USD as requested which is more relevant for the trade.
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update be cautious of a failure this is where we need to trade tight!
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Trade closed at $304. Do not like the market right now. 0.33% loss
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