I mentioned a strategy for trading Basic Attention Token in my introduction post to 3rd Dog blog a few days ago presenting a four hour and daily chart with a selling point around .2646 cents. My TradingView chart link is above highlighted in blue Basic Attention Token. Today, I'll follow up with my trade strategy and set up for reentry at .20 cents. Let's start with the foundation: psychological, emotional, and technical aspects. No chasing tops or bottoms, but finding a price range along with technical indicators that I feel comfortable with placing a trade.
courtesy forex trading strategies broken trendline retest
At the top right of the above chart, you'll see the percent (my margin of error) of the difference between where I placed my sell order and where the price action topped currently. The bottom left square is the buy range using moving averages, support/resistance lines, and trendline. For the basics, I'm keeping the information simple. The support line and trendline meet at .1971 cents and moving averages merge around .2121 cents. On the daily chart, you'll notice the fib retracement .618 is at .1918 cents. I've set my buy order at .20 cents. My goal is to increase my trading skills and make a profit.
3rd Dog
P.s. Ignore the invites if you're not interested. I appreciated links to find new information when I was first exposed to crypto. The invites are for anyone interested.
Brave Browser - Privacy-Focused Product 2019 Golden Kitty Awards
Try Brave Browser today just click the link https://brave.com/?ref=scr425
Earn Interest on BTC ETH and more: https://blockfi.com/?ref=e4707d93
Coinbase invite: https://www.coinbase.com/join/malone_rg
EOS invite: https://coinbase.com/earn/eos/invite/8rq0dxjn
XLM invite: https://coinbase.com/earn/xlm/invite/n18yd5th
OXT invite: https://coinbase.com/earn/oxt/invite/5896nvrc
