What I'm trading today? 2 perfect entries on the market with some of my bag

What I'm trading today - entries on the market

By Cryptoray | CryptoSpace | 11 Jul 2023


DISCLAIMER: At this time I have found it interesting to purchase a pair of tokens in two pairs. This is not investment advice as I am not an advisor. I have simply found some interesting levels for me.

 

WAX - USDT

WAX is a project that I follow since 2019, it may seem somewhat lost in the beyond and unused, but the reality is that every day about 22 million transactions are made on its blockchain. With the emergence of distributed ledger technology and blockchain projects in the last decade, many projects have built solutions in search of a market (the digital asset market) and customers. WAX's approach, however, is the opposite of more well-known ones. The most fundamental requirement was that it could handle the transactions per second needed for the pre-existing consumer demand, with room for significant growth. WAX was designed to solve a specific set of problems in the digital goods market that already has millions of consumers wanting to use it.

In the following image I show the entry price at which I have decided to position myself for a swing trade, with a realistic and profitable target and without leverage because I trade it in spot. You can trade in futures and you know... it can go up and it can go down, but ..... In swing spot trades if you make a "mistake" you still have the token/coin/share. This is important to have a chance at future dates if the trade doesn't work out the way we want it to at the moment. With an entry price of $0.042 and a target of $0.073, this position is 10,000 WAX.

WAX-USDT spot trade

 

XMR - BTC

Another opportunity that at the moment seemed to me to be unmissable can be found in the XMR - BTC pair. Generally, in the long term I have been observing that monero follows quite recognizable accumulation patterns that tend to end with a strong and "short" upward explosion. I wanted to take advantage of the fact that it seems to be in one of the stages of accumulation and I bought 2 XMR at the price marked in the image, I hope in the coming weeks to complete the cycle and sell at the price marked above in red. With an entry price of 0.005316 Btc, I submitted my exit order at the limit price of 0.0073 Btc per Monero coin. It is evident that this does not happen in 1 day at times like these, however, it seemed to me an excellent time to position myself in these two operations that I have been following for the last few years. It is not the first time I trade them, nor will it be the last. I would like to read your impressions in the comments.

Swing trade XMR-BTC

 

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Cryptoray
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I am an enthusiast of cryptocurrencies and new technologies. Proud to be Ambassador at Synternet.


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