Ping Pong is probably the best solution for staying profitable on bearish markets

Ping Pong is probably the best solution for staying profitable on bearish markets

By Squidy analysis | Lisra_99 | 6 Sep 2020


A bearish market is a condition that is very annoying and makes the beginner trader bad. But yes, as bad as the conditions are, we still have to take the positive values that are there, and that's what I do or maybe you want but don't know what to do.

There are many ways that you can do to remain profitable or simply to recover losses due to the red market, but this time I only share tips that I just did. Please note that trading on the red market is very risky, therefore you have to prepare carefully.

After the market has experienced a drastic decline, crypto prices will generally fluctuate (ping pong) for some time or until market sentiment begins to recover.

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The chart above looks wavy, indicating that the price is experiencing intense increases and decreases, but the price of the coin will not move far. for example when the chart shows the price of 400 (400) then when it touches the price of 500 (sell) the coin will again decline to around the price of 400 and will rise again to the price range of 500 and this cycle will continue to repeat until positive sentiment pushes the price into position higher.

So in conclusion, if you want to trade in ping pong conditions, you have to keep an eye on the price (or help with a bot) because the price will go up and down in almost the same position every time.


Squidy analysis
Squidy analysis

"Art cannot be determined by time, art will come when everything is ready." (Squidward Tentacle) || All problems can be solved with hard work. "(Mr. Krab)


Lisra_99
Lisra_99

Cryptocurrency&ICO analysis, trader crypto, and Crypto Blogger

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