Hey bud,
My previous experience with the bull market was that the leading 2 coins (ETH and BTC) bounce upwards on the 200 day moving average.
Currently the price is above the 200 day Bollinger. This is too hot to do a long in my view. You want to go long when the price is at least under the 200 day Bollinger and preferably when it is directly on the 200 day MA.
I would say, open the CDP so long, then wait for the conditions described above. At the moment the price would seem to have to fall to at least 380 for an unmanaged long to even be considered.
Then I would say you want to make sure that you don't boost to a closing price about $194. You can later move this up if higher support has been established.
My previous experience with the bull market was that the leading 2 coins (ETH and BTC) bounce upwards on the 200 day moving average.
Currently the price is above the 200 day Bollinger. This is too hot to do a long in my view. You want to go long when the price is at least under the 200 day Bollinger and preferably when it is directly on the 200 day MA.
I would say, open the CDP so long, then wait for the conditions described above. At the moment the price would seem to have to fall to at least 380 for an unmanaged long to even be considered.
Then I would say you want to make sure that you don't boost to a closing price about $194. You can later move this up if higher support has been established.
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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.