You will see we have just had 20 hours of growth on this coin since the market conditions have improved, the coin is priced back to a low from December allowing us to enter this trade with price on our side.... meaning to a degree this helps minimise the risk involved.
Entry price as you all know can be one of the most important factors in a trade and here we have this on our side.
You will see the coin will break to previous rally point quite easily which is 15% above current price and it has the potential to do 200-300% if you were to hold long.... but we will only buy this coin, sell it when the time is right and move to next opportunity.
You all see the chart has the just crossed and we are getting very signals from the . Do not get attached to this coin we are here to trade it and thats it the weekly chart here doesn't have any confirmed long term action so we get in trade it and get out unless we have confirmed signals arise on longer timeframes. Price is in our favour here, along with momentum and increasing this is the deciding factors to trade.
We need to enter this trade with a looser stop then usual which will be the red line, as we close over target 1 then we can move it up to entry, primarily the best thing to do with this trade is monitor it for a while.
Ok we still need to be cautious of the BTC with all our trades we now have a number of trades open, I hope your not in them all as that would be hard to manage. All trades are looking good but never overwhelm yourself with too many coins.
CASH IS KING
We will give this a little more time.
This trade has already gone up 100% though and the chart tells us we need to see a retrace and consolidation. Sometimes rather then holding long its a good time to sell and buy back on the next leg if it looks strong.