CHR/BTC (Successful Retest?)
CHR/BTC
-after breaking the recent high at 502 sat
-the retest done was successful giving another 30% pump
-we can see good trading volume including strong buy orders
-CHR is strong bullish currently as the RSI is holding the overbought territory
-the next key level to watch is the resistance at 837 sat
-it is good to buy in this range? since there is a chance we see another leg up?
-good question but can you take a wide range of stop-loss under 500 sat?
-that is down under -20% loss if it will hit you?
-the market is bullish but you need to assess the risk-reward ratio too
-for me, I will wait for another pullback or consolidation before entering this trade
-it is all about your exit plan and potential profit
-don't be a bag holder, be a true trader, limit your loss
-after breaking the recent high at 502 sat
-the retest done was successful giving another 30% pump
-we can see good trading volume including strong buy orders
-CHR is strong bullish currently as the RSI is holding the overbought territory
-the next key level to watch is the resistance at 837 sat
-it is good to buy in this range? since there is a chance we see another leg up?
-good question but can you take a wide range of stop-loss under 500 sat?
-that is down under -20% loss if it will hit you?
-the market is bullish but you need to assess the risk-reward ratio too
-for me, I will wait for another pullback or consolidation before entering this trade
-it is all about your exit plan and potential profit
-don't be a bag holder, be a true trader, limit your loss
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