Looks like we bottomed
It's been an exciting few weeks, hasn't it? There was an impulsive move down on May 12 that signaled the uptrend was at an end. "Buy the dip" and "diamond hands" people encouraged you to buy aaaaaalllll the way down, didn't they? Not me. I've been standing aside waiting for the drops to stabilize. And they have. The trading range expanded to the upside this morning in a huge bounce across all of crypto.
Stats are from 1/1/2020 to current using ~2% risk, long-only.
Entry: immediate
Stop: $400 below entry, trailing OR wait for the trend to reverse
Stats are from 1/1/2020 to current using ~2% risk, long-only.
Entry: immediate
Stop: $400 below entry, trailing OR wait for the trend to reverse
Trade closed: stop reached
Alas, we stopped out for a small loss. The summer months are usually dead volatility. I expect more sideways until Fall, though will obviously enter Long if the system tells me to.
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