This is a new format, where I will list a few cryptocurrencies with entry, goal and risk level. The risk level will be the level at which I place my stop loss order.
In this format I will focus only on the numbers, technical analysis and the plan, not so much on describing my thoughts about it. I will do this to give ideas on which cryptocurrencies to trade or which ones might provide good opportunities.These are ideas and not trades I will take at all cost, but I will strongly consider trading them if everything develops right.
Concentrating on only a few helps to stay focused on the plan and not switch away and trade something that I have not observed over the last few days. I will start with 3 cryptos at first. Will be more or less depending on volatility and opportunities. Will also include Long trades, if I see something I really like.
I completely missed the pump on the Long side, but for how I normally trade on the Long side I need some different price movement. But now, let's get into it!
$BTC/USDT
Bitcoin is still going strong, it might go higher, but at some point it will give back at least some gains from the last few days. Looking for consolidation into a flush.
Short:
- Entry: ~$21.5k
- Goal: <$20k
- Risk: Right above $21.6k
$APT/USDT
Aptos is a layer 1 coin, now spiked up to almost $9, hanging around $8.30s. Looking for consolidation into failure/failed follow through from the recent pump.
Short:
- Entry: ~$8.40s - $8.50s
- Goal: $7.50s - $7.70s
- Risk: $8.65ish
$MAGIC/USDT
Compared to the other two does this have a lot less liquidity, but the setup looks promising. Plan is to play the rejection in the $0.75 - $0.76 area.
Short:
- Entry: ~$0.74 - $0.75
- Goal: < $0.70
- Risk: breaks above $0.76ish
This is a short watchlist with possible entries, exits and stop loss levels. I hope this helps you. I am happy if this helps to get the attention on some possible trades.
Have a good day!
Niklas
This is not financial advice, it is for educational purposes only!
