✴️ Electroneum | Important Tips For Trading Altcoins
Electroneum (ETNUSDT) grew by 47% in just two days, this is not bear market type of action nor new lows type of action, this is the beginning of a strong bullish wave type of action.
And beginning because this is just the first two days, which means that this bullish wave will be really strong.
There is something that we can learn from this chart that can be applied to other Altcoins across the market, this can save you money or protect you from losing one of your positions.
ETNUSDT produced a low mid-June, as did the rest of the Altcoins.
From this low mid-June most Altcoins are trading within a higher low and moving forward.
Here we can see Electroneum producing a lower low on a wick again in July and then moving forward, this is a shakeout move and this can repeat.
You can have a pair, trading spot, easy and nice and see it go lower again this month and maybe panic or get scared... Don't worry, something like you see here can happen, just another shakeout before the bullish breakout takes place.
The key is to have patience.
The key is to focus/think long-term.
Since we are near the bottom or at bottom prices, the best practice is to buy and hold focusing on the long-term.
After the turbulence is over, you will be happy with the results you get.
When we reach the top, new highs, new All-Time Highs and all the rest, think short-term and sell but for now, it is time to accumulate.
Namaste.
And beginning because this is just the first two days, which means that this bullish wave will be really strong.
There is something that we can learn from this chart that can be applied to other Altcoins across the market, this can save you money or protect you from losing one of your positions.
ETNUSDT produced a low mid-June, as did the rest of the Altcoins.
From this low mid-June most Altcoins are trading within a higher low and moving forward.
Here we can see Electroneum producing a lower low on a wick again in July and then moving forward, this is a shakeout move and this can repeat.
You can have a pair, trading spot, easy and nice and see it go lower again this month and maybe panic or get scared... Don't worry, something like you see here can happen, just another shakeout before the bullish breakout takes place.
The key is to have patience.
The key is to focus/think long-term.
Since we are near the bottom or at bottom prices, the best practice is to buy and hold focusing on the long-term.
After the turbulence is over, you will be happy with the results you get.
When we reach the top, new highs, new All-Time Highs and all the rest, think short-term and sell but for now, it is time to accumulate.
Namaste.
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