This is another Altcoin pair that looks easy to read; notice the volume.
Today we have really high volume and volume has been good since early June. Buy/green volume is always predominant in this chart, a strong giveaway signal.
A very clear higher low is present, Aug. vs June, and that's all we need...
This is how a trader would do it:
- Buy and hold.
- If prices move and close daily (or weekly, your choice) below 0.3100, stop the trade at a loss.
- Anything else, simply wait.
- If prices break up you have a winner and you can apply any "selling for profits" strategy that you wish.
There are only two options, buy and sell with wait/hold in between. That's trading made easy.
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