If I am being honest, the only reason I am picking up this trade is because it is one of the most oversold cryptos on my list and I just don’t feel comfortable sitting on the sidelines right now with 80% stable. Though I feel we may be getting close to a local top and are due for a short pullback, my signal indicator has not given us a sell signal yet on most crypto. This means we can run in overbought territory for quite some time. Indeed, in a bull run this is quite typical.
So, this may be a short trade if we get a sell signal soon, but I will be in until that time unless I get stopped out prior. The trade is…
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