Long XVG, Short-Term TP 315 sats

I identified a few resistance lines. Meh, there's some technical. Volume, yea. So it goes.

Simply put: It looks like the bottom. If this trade fails, oh well.

My buy in: 230 sats
Target Profit: 315 sats:

I think that price could climb as high as 500 or so sats in this run, but tbh I just want to make some short term profits in BTC and hold that.

I will not delude myself into thinking the market is healthy right now. Sure there's been some positive sentiment entering the market, but until bitcoin can break and close above 7k on a weekly chart, we really haven't seen anything.

I hope this works. If not, I guess I lose money. So it goes.

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stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reversal

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Touched 255. Nice!

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We reached 264 sats on Binance, 4 short of the resistance I identified. in hindsight, I should have made that line a zone from 260 to 270, but shirt happens...

Now we are consolidating, and I am not concerned here. Will update if my trade changes in any way.

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I want us to make a higher high, which would mean breaking 270 sats. I think we can do it, but even if not, I am prepared to take a loss. I don't have a stop on this trade, but I used a small 3% of my portfolio in this trade, and it is an amount I am comfortable losing.
This is true risk management! At these price levels, Stops don't make sense to me unless you are already in profit and want to secure that.
And if the market becomes bad enough, I can choose to close the trade manually, rather than letting a stop ruin it for me.
Thank you, good luck.

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Cmon XVG!! I know you're ready to go!!

Might have to wait until this TRX pump is over, but I know you are getting ready :)

155btc 24hr volume on binance?? You gotta be joking XD

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Heads up, TRX is at 5k+ volume. I realize these coins are in different categories, but they do pump in similar ways. Not technical analysis, but it's a crypto culture... we'll see if I'm right or not :)

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Setup still looks strong... set your orders, get ready for something :)

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It feels like we are so close... but still no targets reached yet. We will see what happens

darth_bitcoin

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darth_bitcoin