PIVX / BitcoinEducation
New Strategy: Leverage short the alt pamps
Instead of chasing out the alt pamps, I am going to chart some potential counter trades.
The blue line, would be more ideal, as there's less risk, and more potential for profit as the price is ~5% higher than it is now.
The yellow line, would be a breakdown of the current support, wait for re-test, and then enter taking profit as price hits the next support level.
Yellow line seems more likely.
These are just thoughts, and I will not be trading this but I want to make observation of the outcome still.
The blue line, would be more ideal, as there's less risk, and more potential for profit as the price is ~5% higher than it is now.
The yellow line, would be a breakdown of the current support, wait for re-test, and then enter taking profit as price hits the next support level.
Yellow line seems more likely.
These are just thoughts, and I will not be trading this but I want to make observation of the outcome still.
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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.