Polymesh Higher Low & 100% - 266% Bullish Jump!Hello my fellow traders, these are good charts but some can be early, and early can be dangerous at this point. "Early" in the sense that the signals are not fully confirmed or strong.
Here we have a nice higher low for POLYXBTC, this is when we compare the recent low to March 2024. But as prices move up, trading volume is still low.
So this is a good pair to approach but careful, with a very tight mental/manual stop-loss.
Never place stop-loss orders on the exchanges or else you can move the bots against you inadvertently. When too many people place sell orders below their entry price, the trading bots and algorithms tend to change course to "knock out" these orders before moving high.
These can move quick. If we look at the wave in March, it was completed in less than two weeks. 12 days completed the entire bullish wave.
We will have long-term growth on many of these, but make sure to plan ahead. It is not the same a long-term accumulation strategy; buy and hold, vs a quick "get in and get out" trade.
Make sure to develop a plan before jumping in, this can help improve trading results and avoid costly mistakes.
Thank you for reading.
You are appreciated.
Namaste.
