Don't bother buying the falling knife for now.
Wait for:
if you must or have to buy alts right now, remember to take profits on every bounce (10~40%).
Example of a bounce trade in a down market:
Wait for:
- Weekly double bottom
- Above daily 200/50 moving average or a cross
- Price breaking out of prolonged sideways range
- or railway track price action i.e ||||||_||||||_||||||||||||||||||||||
if you must or have to buy alts right now, remember to take profits on every bounce (10~40%).
Example of a bounce trade in a down market:
Note
Update: Game plan for the next year.
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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.