We Are Trading This Exactly Like We Should Be.

#altcoins #long #tradesetup #tradestrategy #levels

Traders,

During this last eternal crypto bear market, I learned a lot. I believe the value of what I learned has yet to manifest completely. There is still so much potential to exercise some of the indicators and strategies that I have picked up on. However, one strategy that has always worked very well for me since I first started trading was to trade levels. The short and skinny on this strategy is this:

1. Find/mark horizontal chart levels to show support/resistance.

2. Enter at the strongest support level spotted.

3. Set a target for an appropriate and reasonable strong level of resistance above.

4. If coin pumps 20%+ in one day and hits a resistance level above, always take profit.

5. Also, take profit at %50 to the final target area. An alternative here is to take 1/4 of your trade off of the table at each significant level along the way.

6. If coin drops after taking profit, re-enter at an appropriate/reasonable lower level of support.

7. Rinse and repeat.

So, this is exactly what we have done with this coin. We took half off for profit when we reached %50 gainz and a level of resistance, leaving the remaining %50 to ride in case the rocket ship didn’t stop. But it did stop and we dropped. In this case, I now understood momentum had shifted. I quickly captured the remaining half for %40 profit and told my members that we would come back down to a lower level. I called the level price to the penny!

So, here we are. And I am 100% back in this coin.