Analysis SHIB/USDT on 12H chart + Support and ResistancesPlease LIKE or FOLLOW if you like this idea.
RSI is moving towards 60, which is a bullish signal. Breaking RSI 70 is usually where it gets interesting. The Heikin Ashi indicator is also showing green blocks (indicator below). Which confirms we're in an uptrend.
Supports and resistances are drawn in grey blocks. Currently we are finding resistance from the Ichimoku Cloud. Moving above the cloud and finding support above 4500 is where it will be interesting.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either I use my script Trailing Stoploss Bottom Activation indicator, visible as orange dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
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.
Stoploss
ROSE/USDT starting to look bullish.Please LIKE or FOLLOW if you like this idea.
RSI is moving towards 60, which is a bullish signal. The Heikin Ashi indicator is also showing green blocks (indicator below). Which also confirms we're in a possible uptrend.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
The Supertrend Ninja indicator is forming its 7th bullish signal in 2021.
With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as orange dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
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.
Analysis ATOM/USDT on 2Days chartPlease LIKE or FOLLOW if you like this idea.
RSI is above 50, which indicates a possible upmarket. The Heikin Ashi indicator is also showing green blocks (indicator below). Which also confirms we're most likely looking at a possible uptrend.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
The Supertrend Ninja indicator is forming its 7th bullish signal in 2021.
Supports and resistances are displayed in grey. With price finding support.
With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as orange dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
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.
Analysis VET/USDT on Daily chartRSI is slowly moving towards 50, which indicates a possible upmarket. The Heikin Ashi indicator is also showing green blocks (indicator below). Which also confirms we're most likely looking at a possible uptrend.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
The Supertrend Ninja indicator is forming its 9th bullish signal for the 1 day chart in 2021. Six out of 9 signals, the price indeed went higher with a Monster Trend on March 2021.
Supports and resistances are displayed in grey. With below the price a strong support.
With each trade I make, proper risk management is essential. Either by using the Trailing Stoploss Bottom Activation indicator, visible as orange dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using the Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
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.
How to detect a trend and trail an uptrend? How do I detect an uptrend?
In the chart BNB/USDT I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
The Supertrend Ninja indicator gave only 6 bullish signals for the 2 day chart in 2021. And 2 bullish signal in 2020. Which in my opinion makes each bullish signal very reliable.
It warned about the March 2020 and May 2021 (possible) corrections (big purple down arrows). And also the big uptrend of Dec 2020 (big blue up arrow).
How do I trail an uptrend?
With each trade I make, proper risk management is essential. Either by using the Trailing Stoploss Bottom Activation indicator, visible as orange dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using the Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Remember, the first stop(loss) is always the cheapest stop. Using one of these, or both offers me the possibility to ride bigger parts of the trend. Whichever triggers an alert first.
(For completeness, the grey blocks are supports and resistances)
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.
Analysis EGLD/USDT on 2Days chartI was asked to chart EGLD /USDT. And how the Supertrend Ninja indicator performed on it since the listing.
Currently price is bouncing between support and resistance (2 grey blocks). Which makes/made EGLD ideal for a gridbot.
RSI is slowly moving towards 44, which means it is still in a range (displayed in the RSI as a yellow block). Right now as things stand it's not so interesting for trend traders. On the other hand volume is going down, which means a big move is likely to happen very soon. Before making any trades. I'll be waiting for confirmation from the Supertrend Ninja indicator showing some bullishness first. Ideally I would like to see some more green blocks on the Heikin Ashi indicator below as well.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
The Supertrend Ninja indicator gave only 4 bullish signals for the 2 day chart in 2021. And 1 bullish signal in 2020. Which in my opinion makes each bullish signal very reliable.
With each trade I make, proper risk management is essential. Either by using the Trailing Stoploss Bottom Activation indicator, visible as orange dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using the Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Remember, the first stop(loss) is always the cheapest stop.
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.
SHIB/USDT bounced on support. Bullish?In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator.
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. I expect a signal within few days.
Price bounced on support (grey block). Which is a good sign.
The Supertrend Ninja indicator gave only 3 bullish signals for the 2 day chart in 2021. Including the monstertrend on 30th Sept. Entering on the blue arrow, and exit on the red down arrow (using Trailing Stoploss Bottom Activation indicator) made a whopping 250%. The Trailing Stoploss Bottom Activation, visible as orange dots below the candles. Sends an alert, when current price goes below the previous candle low (red horizontal line). This stoploss sell alert (using Tradingview webhook) worked great in combination with a bot. This happened on 14th Oct.
Heikin Ashi is showing green blocks in the indicator below as well. Which means an uptrend is likely. Also RSI is slowly moving towards 50, which is a bullish signal. SHIB looks done correcting. I'll be waiting for confirmation from the Supertrend Ninja indicator. Before entering any trades.
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.
ATOMUSDT IS IN A MAJOR WEDGE!!!!Atom is in a major wedge.
As you can see, in the last wave, it is inside a trendline, which is marked with the blue color, which is already toched in roof.
Most likely have a return to the wedge floor and the specified support in the range of about $ 20. we can buy here
then the next wave starts from there and will continue until the targets mentioned below.
tp1:44
tp2:57
tp3:73
sl: if any daily candle close below wedge line
ONE/USDT starting to look bullish.In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator.
Today it's forming a bullish signal. With still 9 hours before candle close. If the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. Important detail. The Supertrend Ninja indicator is potentially forming its 7th bullish candle in 2021.
RSI is above 50. Heikin Ashi is showing a bullish trend as well (indicator below in the form of green blocks). Are we done with correcting? Are things heating up?
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.
LUNA/USDT trending up higher since latest bullish signal 🚀In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator.
On 27th Nov, the background of the candlestick closed green with an upwards pointing pink arrow. Which indicated a possible bullish (up)trend. Since then the price has gone higher. Important detail. The Supertrend Ninja indicator gave only 6 bullish signals for the 2 day chart in 2021.
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.
AVAX/USDT gave a bullish signal 2 days ago. UpdateIn the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator.
Two candlesticks before, the background of the candlestick closed green with an upwards pointing pink arrow. Which indicated a possible bullish (up)trend.
Since then the price has gone higher. Will it break ATH?
The Supertrend Ninja indicator gave only 6 bullish signals for the 2 day chart in 2021. And it formed its 7th 4 days ago.
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.
METHODS FOR SETTING STOP LOSS. PART 2.We continue to study!
Moving Average method
When choosing this type of stop loss setting, the moving average indicator is used.
The moving averages indicator has long been known in the forex market and many traders use it in their trading, since trading on this indicator is simple and reliable enough.
The strategy of setting a stop loss on the moving average indicator is very simple:
We need to wait for the price to rebound from the long-term average and put a stop below the indicator line, or above it, if we are talking about a rebound down (short).
Fibonacci Levels
In addition to the moving average indicator, Fibonacci levels can help you with setting a stop loss.
These two methods are somewhat similar and both are quite easy to use.
All you have to do is first measure the market phase and wait for the rebound from the Fibonacci levels.
After rebounding and opening a position in the appropriate direction, set a stop loss below or above the 78.6 level.
The simplicity of these methods lies in clear rules, it is difficult to get confused in them, so these methods are effective.
Trailing Stop
A trailing stop is a stop loss that follows the price by a certain percentage, points, or dollar amount when the price moves in your direction.
Thanks to the trailing stop, the risk will decrease, protecting your profit and preventing a profitable position from turning into a negative one.
Usually a trailing stop is set when the price has already moved in the direction we need and in order not to lose profit, we set a trailing stop. But be careful, do not place your stop too close to the price, do not forget about corrections, give the price room to accelerate.
High/Low Method
This method is most often used by swing traders.
The essence of the method is that the stop is placed behind the minimum/maximum of a pre-selected day. In addition, the stop can move if the price shows a new high/low the next day.
This method is considered not the best, but it exists, and you should know about it. Be careful when using.
Conclusion
There are many ways to set stop losses, but which one to choose?
As is often the case in trading, you should choose the method that suits you, your character and your strategy.
Do not forget that excessive stop-loss setting can lead to premature closing of a position. Frequent repetition of this error can lead to the loss of all capital.
Stop loss should not be set at any point you like on the chart, it should be set according to the method and logic of price movement.
Do not forget about volatility, which can knock you out of position, and then turn around in the direction you need.
In addition, it is not necessary to set the stop loss clearly at the support/resistance level. The price often passes these levels and returns back. Don't forget about it.
Setting a stop loss in each position is an important rule. This should become your habit. You should know before opening where you will put your stop loss. Do not forget about the rules, follow them and then you will succeed.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩
PCRX DailyNASDAQ:PCRX long setup:
Today's bar was very impressive and closed at the high of range and broke a possible trendline
The chart has a nice process over the last few months. Big bear trap in Oct followed by a higher low in Nov
20 EMA has crossed above the 50 EMA and they are both accelerating up
Entry above today's high at 59.36
Stop under Dec 16 low at 55.29
Profit target just under Mar high at 79.75
Risk/Reward ratio is 5
AVAX/USDT starting to look bullish. Time to long? In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator.
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. I want to see more confirmation of this possible trend before making an entry. To enter a trade placing an order a few ticks above the candle high would be sensible. The idea behind this, is that we only want to enter a trade when it has shown a trend continuation.
The Supertrend Ninja indicator gave only 6 bullish signals for the 2 day chart in 2021. And it's forming its 7th today. It still has over more than 1 day and 7 hours before candle close.
Is AVAX gonna be making a new ATH? I'll be watching AVAX like a hawk.
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.
METHODS FOR SETTING STOP LOSS. PART 1.The market is volatile and very unpredictable, it is impossible to constantly correctly guess the future direction of the market, and in order not to lose everything in one transaction, a stop loss was invented.
Stop loss, like the trend, is our friend.
Without a stop-loss strategy, there can be no profitable trading strategy.
The ability to correctly find the stop loss zones will help each trader to avoid unnecessary losses and not to exit the position ahead of time.
Let's look at these strategies.
Methods for setting Stop Loss
PERCENTAGE METHOD
The interest method is a method in which the stop will be equal to a percentage of the capital, depending on your risk management.
At the same time, a large number of professionals recommend not to risk 1-2% of the capital in one transaction.
And this method is very popular because of its simplicity and ease of calculations. For example, if your capital is $ 10,000, and the risk management in each transaction is 1%, then the stop loss will be $ 100, everything is very simple.
CHART STOP
This method is based on placing a stop loss behind the support and resistance levels.
After several bounces from the levels, you can set a stop loss above the resistance or below the support, because if the price breaks through these levels, then potentially the deal can go strongly against you.
Such levels will be our protection, because it will be very difficult for the price to break through strong levels, but even if there is a breakout, we will be protected by a stop loss.
TIME STOP
Another method of setting a stop loss is a method based on time parameters.
This method will be of interest to those who do not want to leave their deals overnight or want deals to close at the end of the week and not remain open on weekends.
Everyone knows about the uncertainty that arises on weekends. At this time, it is impossible to close a position, and the news can be dangerous and you can suffer big losses at the opening of a new trading week, in order to avoid all this, this method was invented.
VOLATILITY STOP
Each currency pair has its own volatility value. Some couples walk fast and a lot, some walk less.
If a trader knows the average daily range of a particular pair, then he can set his stop loss slightly above this value so that the position is not closed prematurely due to market noise.
For example, if we imagine that GBP/USD has an average daily movement range of 100 points, then setting a stop loss by 20 points is likely to lead to premature closing of the position. But, if a trader puts a stop above the daily range, you can thereby protect yourself from accidental price spikes.
This method forces you to place large stop-losses, thereby giving you space to work so that the price is not closed prematurely.
Conclusion
Setting a stop loss is a vital condition for any trading strategy. Without a stop loss, you will inevitably lose capital. In the next part, we will look at other methods of setting a stop loss.
Good luck to everyone!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
QSR LNG position- STP triggered. Took the LossBasic Price coming into DZ. Good odds . Price fluctuated in DZ & close below it. STP triggered. Loss carried
LONG on QSR - Took Loss
LOSS Taken 0.88
Why I took the trade?
The long-term (M) in uptrend
The trade chart(W) is in correction.
The price coming into the DZ (D) unbalanced selling. Outside BB bands
Low Risk as ENT was near the bottom of DZ
TOOK my Loss - am proven wrong.
for 2-3 weeks price stayed in the DZ, slightly breaking above it & closing.
Yesterday Price closed below the DZ
Am out.
🚀🚀🚀LITECOIN 🚀🚀🚀🚀 My Litecoin technical analysis
I go over a bullish bat formation
stop levels,
take profit levels
Entry levels
risk to reward profile
also go over trend continuation trades.
entry, stops, and target on them too
What a three-point move is.
What an Impulse leg is
lots of information in short time.
watch it couple 20 times
This is the rules I use
Video is ok imo
I hope to do better in the future
me learning
share if you found value
Thanks
GL on your trades
Remember
A good trade setup can be a losing trade
What happens when you don't keep stop loss? #BTCUSDTKeeping stop loss is very important in trading for both spot and leverage trading.
If you do not keep stop loss you not only lose capital but also time. Opportunity cost of better trades also go away.
Today is perfect example for reminding ourselves that stop loss is important.
Enjoy trading!
This NFT will be minted, if anyone wants to buy then DM me.
#NoJokes
How To Calculate Risk/Reward To Trade & Invest In Crypto MarketHi everyone:
Today I want to make this educational video on how to calculate your risk/reward in trading and investing in the cryptocurrency market.
Many newcomers in the industry are not aware of the importance of risk management. So today let's give out different examples of them on how to properly calculate the $, %, and setting the SL/TP.
This video is intended to help traders and investors to understand how to calculate the amount to risk per trade, or per investment purpose.
I will give different examples of going long and short in trading, as well as buying coins for the purpose of investment.
Doesn't matter what crypto broker exchange you use, this calculation/formula will work, you will just need to do some simple math to get to the right numbers.
Example 1:
Want to go long on BTC in a trade
Scenario:
Trading Account $12,000
Risk 1% of your trading account
Want to go long on BTC when price hits $70,000
You want the Stop Loss @$66,000,
and a TP @ $80,000
Calculation:
Calculate your 1% of the trading account:
$12,000 Account x 0.01 $120 per trade
Divide the $ you willing to risk to the SL amount
$120 / $4000 = 0.03
Set your entry order or market order
for 0.03 BTC @ $70,000 price
0.03 x $70,000 = $2,100
(This is the amount you will need in your trading account
to execute this position.
If you have leverage then its less $ needed)
Set your SL at $66,000
If price hits your SL, your order would be
0.03 BTC x $66,000 = $1,980
$2,100 - 1,980 = $120 = 1% of your account
Set your TP at $80,000
If price hits your TP, your order would be
0.03 BTC x $80,000 = $2,400
$2,400 - $2,100 = $300 = 2.5% of your account
Example 2:
Want to go long on ADA in a trade
Scenario:
Trading Account $800
Risk 1% of your trading account
Want to go long on ADA when price hits $2.30
You want the Stop Loss @1.70
Calculation:
Calculate your 1% of the trading account:
$800 Account x 0.01 = $8 per trade
Divide the $ you willing to risk to the SL
$8 / $0.60 = 13.34
Set your entry order or market order
for 13.34 ADA @ 2.30 price
13.34 x 2.30 = $30.68
(This is the amount you will need in your trading account
to execute this position.
If you have leverage then its less $ needed)
Set your SL at $1.70
If price hits your SL, your order would be
13.34 ADA x $1.70 = $22.68
$30.68 - $22.68 = $8 = 1% of your account
Set your TP at $4.00
If price hits your TP, your order would be
13.34 ADA x $4.00 = $53.36
$53.36 - $30.68 = $22.68 = 2.83% of your account
Example 3:
Want to go short on TRX in a trade
Scenario:
Trading Account $54,000
Risk 1.5% of your trading account
Want to go short on TRX when price hits $0.11
You want the Stop Loss @ $0.13
Calculation:
Calculate your 1.5% of the trading account:
$54,000 Account x 0.0150 = $810 per trade
Divide the $ you willing to risk to the SL
$810 / $0.02 = 40,500
Set your entry order or market order
for 40,500 TRX @ 0.11 price
40,500 x 0.11 = $4,455
(This is the amount you will need in your trading account
to execute this position.
If you have leverage then its less $ needed)
Set your SL at $0.13
If price hits your SL, your order would be
40,500 TRX x $0.13 = 5,265
$5265 - $4455 = $810 = 1.5% of your account
Set your TP at $0.07
If price hits your TP, your order would be
40,500 TRX x $0.07 = $2,835
$4,455 - $2,835 = $1,620 = 2% of your account
Example 4:
Want to buy ETH to hold for long term as investment
Scenario:
Investing Account $20,000
Risk 10% of your investing account
Want to buy ETH to hold for long terms
Want to enter when price hits $4,900
Calculation:
Calculate your 10% of the investing account:
$20,000 Account x 0.10 = $2,000 per investment
Divide the $ you willing to risk to the price you want to enter
$2,000 / $4,900 = 0.4082
Set your entry order or market order
for 0.4082 ETH @ $4,900 price
0.4082 x $4,900 = $2000
(This is the amount you will need in your investing account
to execute this buy.)
You want to lose no more than 25% of your original $2,000 investment.
$2,000 x 0.75 = $1,500
$1,500 / 0.4082 = $3,674.67
Set your alert and SL at $3,674.67
If price hits your alert/SL, your order would be
0.4082 ETH x $3,674.679 = $1500
$2,000 - $1500 = $500 = 25% of $2,000
You want to gain about 50% of your original investment before selling.
$2,000 x 1.50 = $3,000
$3,000 / 0.4082 = $7,349.34
Set your alert and TP at $7,349.34
If price hits your TP, your order would be
0.4082 ETH x $7,349.34 = 3,000.00
$3,000 - $2,000 = $1,000 = 50% of $2,000
Example 5:
Want to buy MATIC to hold for long term as investment
Scenario:
Investing Account $1,500
Risk 20% of your investing account
Want to buy MATIC to hold for long terms
Want to enter when price hits $2.25
Calculation:
Calculate your 20% of the investing account:
$1,500 Account x 0.20 = $300 per investment
Divide the $ you willing to risk to the price you want to enter
$300 / $2.25 = 133.34 MATIC
Set your entry order or market order
for 133.34 MATIC @ $2.25 price
133.34 x $2.25 = $300
(This is the amount you will need in your investing account
to execute this buy.)
You want to lose no more than 50% of your original $300 investment.
$300 x 0.50 = $150
$150 / 133.34 = $1.1249
Set your alert and SL at $1.1249
If price hits your alert/SL, your order would be
133.34 MATIC x $1.1249 = $149.99
$300 - $149.99 = $150.01 = 50% of $300
You want to gain about 75% of your original investment before selling.
$300 x 1.75 = $525
$525/133.34 = $3.9373
Set your alert and TP at $3.9373
If price hits your TP, your order would be
133.34 MATIC x $3.9373 = $525
525 - $300 = $225 = 75% of $300
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
$PLTR Palantir Technologies Inc. LONG Trade Setup$PLTR got beat down after earnings .
We landed right on the .618 retrace from the low to it's ATH .
If this level holds, we have a very good entry for a swing trade.
Risk manangement is key here though, cause if the market wants to see Palantir even lower than this,
we might do a deep retrace and go down to the 17$ish area again.
Depending on how "longterm" someone would wanna hold Palantir, a very tight stop loss should be set.
Chain Link is in hot trendingHi everyone
Link has been moving in a ranged accumulation zone for awhile and I assume it has strong chance to move upward soon.
it doesn't mean we would have strong upward pressure for now, we may even see a small correction back into our accumulation
zone and even test our dynamic support trend line before boost upward and it really depends on BTC action in coming days.
but for near term to mid term I can see we will have a good chance for keep moving upward. lets see
if you want to get long position just don't forget setting trade based on proper money management.
Enjoy the market