Solana is one of my favourite altcoins. It's holding up well during this broader market sell-off. Weekly momentum is strong. Daily momentum is building, slight caution as this is choppy on the weekly. I will trade this with low leverage but without stops as I believe a big wick is possible. Alarms set to manually cut if sustained negative momentum continues...
Criteria onside. Narative onside. Macro supports the trade. non leveraged buy without stops. Manual exit if macro picture changes.
I trade crypto and stocks on a long only portfolio, if I have a short bias, I am flat. However, looking at ETH on a momentum play.... this could be interesting. If ETH can push below every major momentum moving average, momentum could really push this into a big volatile sell off. Fundamentally, I like this play, I have a strong dislike for ETH, I don’t think...
If the market gains momentum, there is potential for a countertrend on GJ. Trading back to a weekly fast-moving average with the added confluence of a 50% retracement of the larger move. Higher-risk trading against the trend, however, the market may present a shorter-term, high-RR trade opportunity. There are two options for this trade idea, depending on...
1. Momentum criteria onside. 2. Basic fundermental narrative onside. 3. Unleveraged trade. 4. Simple process, consistent results.
One for the next few weeks... Higher time frame momentum play: Altcoins seem to have been sleeping, with only a few showing some signs of life. One that's showing early signs of life is BNBUSDT. It's possible for this to go up to $700 if we can get above this overhead resistance with some early momentum.
There’s a time to sit on your hands. Sometimes the best trade idea is to simply turn off the monitor, pack away your pens and paper, and go relax for a long weekend. (UK Bank Holiday Weekend) I am always long on US stocks; however, sometimes the market gets into a position when the risk to reward is not there. I look to follow market momentum, ideally early...
A simple, profitable strategy. If you’re struggling to trade profitability and searching for the ‘Holy Grail’ of trading strategies, then you’re in luck. I’ve got it for you…. DON’T SHORT STOCKS! Well, that’s it in a nutshell. I will elaborate, but please read on because this was a game changer for me. It sounds too simple. Honestly, my win/loss ratio...