blackriver85

NFP Back in Buy Zone

blackriver85 已更新   
BINANCE:NFPUSDT   NFP / TetherUS
Today as we can see all the market has a correction (testing lower support levels)
However this is also a good day and give us another chance to reflect on the market.
Although alt-coins season did not manage to 'start' for all the Altcoins with
a few exceptions (mostly AI coins and MEME coins) ..
Now is the time for the altcoins to play catch-up! with the BTC pair

As a basic rule i sometimes prefer to exit the market when Altcoins USD pair is over-extended
and the RSI is screaming SELL around the main resistance level ( this happened the last few days
with : a small percentage of money exiting my positions (like 5-8%)

Because we never know when and if - the market recovers quickly enough in order to take profits

However as a golden rule i prefer taking profits from the pump-Ing of the coins
Reaching the 'modest' targets the market can gracefully offer
For me this is a more healthy approach into a bull market environment


NFP
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