Trendline Trading Strategy - MAJOR Correction for $KAS

3 ส.ค. 2024

THE TREND IS YOUR FRIEND,
until it isn’t.

This is literally the easiest trading strategy that even a monkey can figure out.

Find the major Trendline, and if it breaks, either

A) Sell Your Position
B) Open a Short

Case in point:

Seems like pretty much every coin has broken its trend, but I spent some time last night before bed seeing what was still holding up.

Spotted KAS

Putting it in context with the rest of the market nuking, I knew Kaspa was one of the last of the Mohicans so I opened my 3x Short.

Today I wake up, and see it broke trend on the 4hr which gives us data for the next 3-5 days / 6-8 trades per month.

P.S. YES that’s Bearish Divergence.

~JK