ARCS / TetherLong
ARXUSDT on KuCoin
Trying to search for coins that are bottomed or near bottomed for possible gem pick on KuCoin and coming up with this one - ARXUSDT.
The idea is to find wave 2 which corrects from wave 1 at around Fibonacci levels of 61.8, 78.6, 88.7 and 94.2, and catch a ride to wave 3.
While risk/reward ratio seems very convincing, worst case scenario of loss is that the price gets to go lower than the previous low; invalidating the wave count. Stop loss is thus unavoidably a must.
Best case is that price is going to wave 3 - though may not be the longest, yet never the shortest. A ride to more than 5x the capital invested in this trade is likely obtainable.
It is unwise to invest your whole capital in one trade. It's best to plan your loss before trade.
Good luck and Merry X'mas!
The idea is to find wave 2 which corrects from wave 1 at around Fibonacci levels of 61.8, 78.6, 88.7 and 94.2, and catch a ride to wave 3.
While risk/reward ratio seems very convincing, worst case scenario of loss is that the price gets to go lower than the previous low; invalidating the wave count. Stop loss is thus unavoidably a must.
Best case is that price is going to wave 3 - though may not be the longest, yet never the shortest. A ride to more than 5x the capital invested in this trade is likely obtainable.
It is unwise to invest your whole capital in one trade. It's best to plan your loss before trade.
Good luck and Merry X'mas!
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