I figured this one out a day or two ago.
Placed an order in for the long position.
I am now active in the trade. Even if it goes lower I will just stay in the trade. I see ALGO going upwards for another run.
Yeah so... risky as it may seem, I guessed purely on historical support area and 50% drop from recent ATH.
I am going with the trade, "Buy the dip" philosophy. Buying in, on the way down.
It is possible that, if the market in whole, continues a down hill march...
ALGO will probably reach the 20 cent area. .. Then 15 and 10 cent areas.
Highly unlikely, however it still could happen, nothing is guaranteed.
Placed an order in for the long position.
I am now active in the trade. Even if it goes lower I will just stay in the trade. I see ALGO going upwards for another run.
Yeah so... risky as it may seem, I guessed purely on historical support area and 50% drop from recent ATH.
I am going with the trade, "Buy the dip" philosophy. Buying in, on the way down.
It is possible that, if the market in whole, continues a down hill march...
ALGO will probably reach the 20 cent area. .. Then 15 and 10 cent areas.
Highly unlikely, however it still could happen, nothing is guaranteed.
Trade closed manually
Seemed like a good time to take the money off the board. 12 cents on 5,250 units, minus 2% = $617 profit .. this was a 17 day trade, around 38% gain. Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.