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PORTOUSD

PORTO Basic Trend. Psychology. Volatility or super ticker?Logarithm. The time interval is 3 days. Cryptocurrency as an example. Cryptocurrency with high volatility (low liquidity) for dump/pump strategy. Primary trend — horizontal channel. Secondary trend — descending wedge. Local trend — consolidation after a wedge breakout. Line chart without “market noise” (volatility, squeezes). Immediately want to note that low-liquid cryptocurrencies better still trade on liquid exchanges, otherwise you are already your deposit succumb to a huge risk trading on exchanges with a small total turnover of funds (survivability, competition). Psychology. Volatility and market cycles are your friend, not the ticker name! . Notice what % the price slippage was. This was leaked to the market by the creators of the phantik (just in case), everything can be tracked on the blockchain, any sale at any price is profit. Everyone does it, but with such low liquidity, it's very visible on the chart as well as on the blockchain. It's not something "scary", it's normal behavior of smart people who "don't believe in crypto wrappers", not just someone else's, but even their own. Unlike stupid market participants who determine the value of a particular cryptocurrency, with the help of a particular cryptocurrency ticker (legend of usefulness to the industry). Because of this, there are thousands of phantoms and such market participants make up whole herd sects (they are entertained by selling "nothing" and making real money on the belief in crypto projects). I think every market participant has their own set of phonies in their portfolio. I'm sure a larger percentage of cryptocurrencies are the ones that "youtube and telegram bloggers are talking about" and not through their own independent analysis. But you have to realize that everyone's cryptocurrency combinations are different..... because there are more than 13,000 alts...... Generally, cryptocurrencies rise behind the general trend of the market, and some will occasionally "overtake the market" and then deflate to the general trend..... You can play around with this and "wait for the overtake". It is very important not to get attached to the ticker name (real or not real scam). The desire to get rich with a "special cryptocurrency" clouds the mind....
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by SpartaBTC
2
PORTO +282% after BULL signal 🚀🚀 Retrace imminent?PORTO pumped 282% (green price range) after the bull Supertrend Ninja - Clean signals (green vertical line on the background). RSI at 88 is overbought. I do not see any bearish divergences forming on the RSI Brown or RSI on this chart. Although I expect a retrace to be likely before another run up. It really depends on BTC going sideways instead of going down more. If we take a look at the Average Directional Index ( ADX DI) its still in the bullish zone. Currently PORTO is way above its Basis Bollinger Band , Band Basis 20 Period SMA . And above the LSMA as well. A healthy retrace first, before another run up to is a possible scenario. But it most likely needs BTC to go sideways for this to happen. Buying here is NOT recommended. Support and resistances are highlighted as grey and light green horizontal blocks. Remember to always take profits and use proper risk management! Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Like To Use: I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
by Kch28
#PORTOUSDT Trayding planHi friends! In this idea, I describe the reasons on the basis of which I consider trading in one direction or another. 1) Slow approach to resistance level; 2) There is energy to continue growing; 3) There is a power reserve; 4) The coin looks better than the market; 5) Parabolic rounding; On the breakdown of the resistance level of $5.66 and the price fixing above it, I expect a good growth. Target: $9.18 The trading system includes losing trades, do not forget to set stops and calculate risks correctly! All profit!
by VS_trading