DASH SHORT
DASH TRADE
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Trading the downward trend.
Dash has been trading sideways within the last year.
This asset has really low community support due to its corrupt beginnings. As a result I think its growth will be very limited. Long-term, I think investors will be wary of this and money will flow to other currencies.
Sorry dash.
*My opinion, not based on any particular event moving forward.
Entry:
Downward trend line resistance
Exit:
There is a lot of structure and no clear dominant support if it falls. Will take small profits at each green zone downward.
1st @ 30% 2nd 30% 3rd @40%
Risk:
1. Position size limit 10%
2. S/L & Liquid price = Previous trend resistance
Reward:
Approx 2 @ first take profit
---------------------------------------
Trading the downward trend.
Dash has been trading sideways within the last year.
This asset has really low community support due to its corrupt beginnings. As a result I think its growth will be very limited. Long-term, I think investors will be wary of this and money will flow to other currencies.
Sorry dash.
*My opinion, not based on any particular event moving forward.
Entry:
Downward trend line resistance
Exit:
There is a lot of structure and no clear dominant support if it falls. Will take small profits at each green zone downward.
1st @ 30% 2nd 30% 3rd @40%
Risk:
1. Position size limit 10%
2. S/L & Liquid price = Previous trend resistance
Reward:
Approx 2 @ first take profit
Note
Lesson: Do not attempt to predict price direction. Instead react to price movement. Even based on fundamental beliefs.
Price does not equal Value.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.