Here is the mistake that I won't repeat again. I shared a trade idea for Verasity (VRAUSDT) but it didn't even occurred to me to share a trade signal yet the chart was extremely bullish.
After sharing the analysis through the "Name Your Altcoin" series, it went up over 77.77% in a matter of days.
Please, name your favorite/top KuCoin pairs in the comments section, these are yet to take off and have huge potential, I will give them a deeper look and share accordingly.
Now, Revain looks great.
The great thing is the same action pattern we have been looking at over and over and over, ad nauseam, is present here.
This is the only way it can be because of the phase we are at in the current market cycle.
The low, lower low as a shakeout/stop-loss hunt followed by bullish consolidation and then bullish breakout.
Here we are still below EMA21 but above EMA10.
This pair and others should be going above EMA50 within 1-2 months.
Can be 1-2 weeks just as it can be 6-8... That is for the market whales, exchanges and big players to decide.
Of course, you need to do your research and have a plan for safe trading.
Say, if prices drop, what would you do? Hold or fold? If hold, for how long? If fold, when would you fold?
Define your risk in simple terms.
On the way up the same complexities... When to sell and how much to sell?
These things need to be answered BEFORE the bullish happens, for your benefit of course.
Thank you for reading my dear friend. Thank you for coming back.
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