DASH SHORT
Updated
DASH TRADE
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Trading the downward trend.
Dash has been trading sideways within the last year.
This asset has really low community support due to its corrupt beginnings. As a result I think its growth will be very limited. Long-term, I think investors will be wary of this and money will flow to other currencies.
Sorry dash.
*My opinion, not based on any particular event moving forward.
Entry:
Downward trend line resistance
Exit:
There is a lot of structure and no clear dominant support if it falls. Will take small profits at each green zone downward.
1st @ 30% 2nd 30% 3rd @40%
Risk:
1. Position size limit 10%
2. S/L & Liquid price = Previous trend resistance
Reward:
Approx 2 @ first take profit
---------------------------------------
Trading the downward trend.
Dash has been trading sideways within the last year.
This asset has really low community support due to its corrupt beginnings. As a result I think its growth will be very limited. Long-term, I think investors will be wary of this and money will flow to other currencies.
Sorry dash.
*My opinion, not based on any particular event moving forward.
Entry:
Downward trend line resistance
Exit:
There is a lot of structure and no clear dominant support if it falls. Will take small profits at each green zone downward.
1st @ 30% 2nd 30% 3rd @40%
Risk:
1. Position size limit 10%
2. S/L & Liquid price = Previous trend resistance
Reward:
Approx 2 @ first take profit
Note
Lesson: Do not attempt to predict price direction. Instead react to price movement. Even based on fundamental beliefs.
Price does not equal Value.
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