First time trading crypto and big scary dips have you feeling nervous? Welcome to the show baby!
Rule of thumb for holding crypto: It's not a matter of IF but WHEN prices will go back up.
Looking oversold at current levels, but it's possible to see further downside to the ~.17 range we saw in July (lot's of scared money right now and first timers selling at the first sign of trouble)
Will be looking for a rebound by end of September, to maybe test the .26-.27 resistance levels sometime in October. What do you think?
Not financial advice folks, just trying to make sense of it all and find some upside. Follow for more!
~ happy trading ~
Rule of thumb for holding crypto: It's not a matter of IF but WHEN prices will go back up.
Looking oversold at current levels, but it's possible to see further downside to the ~.17 range we saw in July (lot's of scared money right now and first timers selling at the first sign of trouble)
Will be looking for a rebound by end of September, to maybe test the .26-.27 resistance levels sometime in October. What do you think?
Not financial advice folks, just trying to make sense of it all and find some upside. Follow for more!
~ happy trading ~
Note
there is a support at the ~.19 level (see price @ August 5 '21)but given major FUD and panic selling atm, not sure if it will hold at that level in the short term
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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.