Are 'staking altcoins' a safe play right now?
FWIW, this is not financial advice - it is a dubious idea at best.
I'm looking to 'chew back' some lost profit by very small simple trading on the larger altcoins that pose a second opportunity for traders than just price alone.
I have drawn out some simple upward trendlines and an area of resistance that will be difficult to cross.
Algorand bounced off an upward trendline and I bought in at that price. I sold Algorand profit at the top trendline.
I am using the crossing below the 21-period EMA as the point that I am selling off the remainder. That is currently 1.02.
Again FWIW and not at all a recommendation.
Don't let this market or the doom-and-gloom get you down. Yes it may very well come crashing down. But that doesn't prevent us from making money in the meantime. We're in it to win it!
I'm looking to 'chew back' some lost profit by very small simple trading on the larger altcoins that pose a second opportunity for traders than just price alone.
I have drawn out some simple upward trendlines and an area of resistance that will be difficult to cross.
Algorand bounced off an upward trendline and I bought in at that price. I sold Algorand profit at the top trendline.
I am using the crossing below the 21-period EMA as the point that I am selling off the remainder. That is currently 1.02.
Again FWIW and not at all a recommendation.
Don't let this market or the doom-and-gloom get you down. Yes it may very well come crashing down. But that doesn't prevent us from making money in the meantime. We're in it to win it!
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