ANKRUSDT trade ideas
🆓Ankr (ANKR) June-17 #ANKR $ANKR$0.07 and $0.08 are reliable support zones of ANKR so that a strong buying force can appear and create a strong rally for ANKR to $0.11 and $0.15 zones in June and early July. The risk is quite low, but if ANKR loses the $0.07 zone, it will continue a strong downtrend to the $0.04 zone.
📈BUY
🔴Buy : 0.078-0.082$
🔴Buy : 0.068-0.072$. SL if B
📉SELL
🔴Sell : 0.107-0.113$. SL if A
🔴Sell : 0.146-0.154$. SL if A
♻️BACK-UP
🔵Sell : 0.068-0.072$ if B. SL if A
🔵Buy : 0.039-0.041$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
RIPPING A RHYME from the History BooksANKR has dropped (along with, parallel to, and independently of other crypto influencers) to its last line of major resistance before that original rip to its ATH.
So I think if money will be made from the crypto gold rush of 2021, ANKR will see unimaginable gains -- an incredibly sharp rip -- and I think it lurks like a time bomb.
For the past month or more ANKR has ranked basically last every time I log on -- below GRT, ADA, DOGE , XRP, ETH and BTC as well as AAPL and XAUUSD.
All day long ANKR remains at the bottom of this list, day after day.
The predictability of the dips and runs makes for a Short trader's bonanza, but it pushes faith out of the market.
You can short some other traders all of the time, and all other traders some of the time, but not all others for all time.
Once ANKR is seen to be rising and pulling back and rising and pulling back, which it is just about to do, I think it will rip.
I don't advise buying in.
But I advise holding on and not selling below your initial Target Price that you set when you thought .21 was a bottom.
COVER YOUR SHORTS - ANKR PIVOT from R.I.P. to Rip ???True, I just posted the negative scenario -- but to be fair the chart also reflects optimism: consolidation is happening inside the support area which preceded the first colossal rip to the ATH, and this consolidation is beginning at a higher price level. So if the rip repeats with a similar force, it will conceivably reach 0.24 in the next phase.
COVER YOUR SHORTS
ANKR - the GE of CryptoLooks like an easy ride down for Shorts.
All the way to the two cents I was suggesting earlier (here, 0.02895).
But there is more to lose.
Think of the HODLers between zero and two cents.
The money they thought they had when they bought the yachts.
I have lost my optimism.
What goes up must come down.
But what comes down need not go up.
Again.
Ever.
Like General Electric.
ANKR CAN'T GET TO 20 FROM HEREANKR formed the left half of a Head and Shoulders and has spent the next 12 hours filled with ralllies and dips, but in the end forming exactly the other side of the H&S.
But since the advent of easy access to the market via Internet, all of you know a Head & Shoulders is supposed to go bullish.
THEREFORE IT GOES BEARISH.
The H&S is formed, nothing more to do but DROP LIKE A ROCK -- I MEAN, ANKR.
ALWAYS HAVE SOME FORM OF PROTECTION, even if it seems there is still no need for a stop loss if you're shorting, as ANKR treads downhill.
I PLACED A SELL ORDER and WENT TO SLEEP,
I woke up ahead.
At this rate, heaven help the hodlers at the ATH.
The End of ANKR is in SightThe company ANKR appears to have served its purpose in the crypto community.
A perfect scenario for a crypto whale.
Who really cares if it serves any other purpose?
Pump with hype to incredible value.
Methodically walk it back to 0.
ANKR is not about "buy the dip" -- it's about "sell the rally".
If I had just set that Stop LossLooks like going down before going up.
If that description sounds vague, consider it a bout of depression.
You have to get out quick sometimes.
Don't trade when tired.
Like felling a tree in a slight breeze, that sweet spot where you have to push.
Or else the tree falls on your house, which is loud even through earphones.
Catch my drift?
Rule #1 don't sell at a loss.
Rule #2 if you have to sell at a loss, make it quick.
Rule #3 have ready set Plan B (buy or sell order).
Rule #4 as soon as you can set your Stop Loss above your Order, you have won the trade.
Rule #5 follow the trend with your stop loss, moving it with your mouse.
Rule #6 follow your stop loss with a pivot Order.
Rule #7 lead your stop loss with a continuation Order in case you get stopped out but the trend is continuing.
Rule #8 no risk no fun.
ANKR and the Scorpion Strike SpkesAt the end of an uptrend the Buyers who missed it are poised above, in case the price breaks into a continuation.
So the price magically spikes, like a scorpion striking out, one wide wick to trigger the buy.
Perhaps better not to set any price inside any resistance zone, unless you're chasing it.
I have most success riding the stop loss on a trending price.
I see the sense in pushing the stop loss all the way up or down the wick in some cases.
If you know it's time to drop or pop, for example. If a 2nd wide bar opens you may as well push right along with it imho.
You can have another buy or sell order pre-positioned further on so that if you follow it and get stopped out and it's still trending you are right back in.
But don't be afraid to reverse position. (I have seen it turn green on the 4th flop of a whipsaw -- it's like sword fighting with the bots.)
.618 = 0.10637Living up to my namesake.
From the High 0.11487 using Fib to Low.
Fibbing from there (zero) up to .618 = 0.10637.
Cost me 21.60 just now for posting this because I wasn't watching my stop loss by the minute.
If I had my druthers I would post from the 1-minute chart.
How many of you have lost trades simply due to having the damn stop too tight?