✅TRADE REVIEW: $JASMYUSD
- Opening a position.
- Very risky so I have positioned sized accordingly
- Very tight stop as well
I want to see this GO right away and have no patience
It is a lower quality name in an uncertain market.
I see above average volume moving up.
Consturctive pattern.
If you are aware of the High Tight Flag (or PowerPlay) concept in stocks, I use this analogy when I trade crypto. The HTF requires a +100% move up (powerful) and less than 20% correction - indicating stong buyers piling into the stocks. I extrapolate this logic into the more volatile crypto names as I would like to see less than 20% retracement of the gain. To explain further, JASMYUSD has soared +450% since Feb2024. I would take 20% of 450% and allow this stock to correct up to 90% to be a valid base. Currently it has corrected only 40% and is staring to move up with great volume patterns. Hence why I have been willing to risk capital into this TRADE.
- Very risky so I have positioned sized accordingly
- Very tight stop as well
I want to see this GO right away and have no patience
It is a lower quality name in an uncertain market.
I see above average volume moving up.
Consturctive pattern.
If you are aware of the High Tight Flag (or PowerPlay) concept in stocks, I use this analogy when I trade crypto. The HTF requires a +100% move up (powerful) and less than 20% correction - indicating stong buyers piling into the stocks. I extrapolate this logic into the more volatile crypto names as I would like to see less than 20% retracement of the gain. To explain further, JASMYUSD has soared +450% since Feb2024. I would take 20% of 450% and allow this stock to correct up to 90% to be a valid base. Currently it has corrected only 40% and is staring to move up with great volume patterns. Hence why I have been willing to risk capital into this TRADE.
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👉 I share my TRADING everyday here: discord.gg/gTmcqWyWWe
👉 I sell premium indicators here: tradingviewindicators.net
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