SNX / BitcoinLong
SNX into the new year
I have my SNX bag.
game plan:
1. Hold until resistance it reached.
2. Set a short DCA bot to start selling 50% of position
- Aim to always have some tinder from profitable pump days to buy back on corrections.
3. New alt season is brewing so Dips are for buying.
Short bot set:
8% DCA range for orders
Buy back along trend line and SMAs.
if BTC doesn't hold its range as it consolidates at these higher levels, then the chance of picking up alts at a discount are high.
So protect my capital by using a trailing stop thats not too tight. Use a timer. I want to take advantage of price rolling over but this idea will fail if price nukes down, I get stopped out, and recovery rally kills all my dreams of accumulation.....use discretion and don't rely on indicators.
game plan:
1. Hold until resistance it reached.
2. Set a short DCA bot to start selling 50% of position
- Aim to always have some tinder from profitable pump days to buy back on corrections.
3. New alt season is brewing so Dips are for buying.
Short bot set:
8% DCA range for orders
Buy back along trend line and SMAs.
if BTC doesn't hold its range as it consolidates at these higher levels, then the chance of picking up alts at a discount are high.
So protect my capital by using a trailing stop thats not too tight. Use a timer. I want to take advantage of price rolling over but this idea will fail if price nukes down, I get stopped out, and recovery rally kills all my dreams of accumulation.....use discretion and don't rely on indicators.
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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.
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.