Month of October keeping up to its reputation again, volatility not just shaking Crypto market its effects can be seen all over forex markets too. metals, indices, commodities, major and minor pairs picking up the pace.
Bit coin just crossed 122000 level as of Ethereum is currently trading at 4550, gold is pushing towards 4000 mark currently trading at 3884 while Nasdaq is trying to break the 25000 level. Few hours left then weekend will start and forex markets will be closed for next two days, in the meanwhile crypto currencies will rule the trading world.
Trading Crypto on weekends is bit more unpredictable than usual according to my experience. So I made a set of rules for the weekend to maximize the gains.
Fix an approximate amount, never exceed.
Pick minimum 3 and maximum 5 tokens.
Observe the momentum for a while until it starts making sense.
My top picks for this weekend is
1: Ethereum, trading between 4000 to 4800 since last couple of moths, except last weeks sharp decline which broke the support level of 3980 and for a while it seemed to start a downwards momentum but recovered sharply and 4000 is looking a good support level as Ethereum seems to break the all time high of 4920 and may hit or cross 5000 this weekend, so here is good opportunity to make some clean gains. Remember the golden rule of buying low and selling high.
2: Solana, Sol is recovering from last weeks drop from 253 to 199 and currently trading at 235 with current spark in the market may set a new yearly high this weekend. Trade cautiously between 200 to 250 and if it breaks the 250 resistance than I recommend placing a buy order for short term over night trade.
3: BNB, financial giant Binance on its back showing great strength and seems like its not willing to enter in 3 digits zone soon, currently trading at 1150 and may hit 1250 to 1330 in current momentum. Trade wisely between 200 points.
Bitcoin cash BCH looks promising too trading over 600 level may set new yearly high of 700 over this weekend. Place your stop loss near 595 and TP at 633 to 650 for over night short trades.
Most important thing is doing your own research as I am not a professional financial advisor. Trade cautiously and never put more than 2 percent of your equity on risk as crypto is known for its volatility and as I have mentioned earlier in my post that according to my experience it becomes more unpredictable during weekends.
I wish you all a great weekend.
