First Idea - unexperienced but trying to learn
Updated
Hope you guys don't mind me sharing an "unexperienced" trader idea. I'm trying to learn and I saw this pattern emerge across multiple crypto if this plays out.
We don't have much support to begin with but apparently a correction was needed - exaggerated by huge liquidation counts,
DOGE leader of crazy and FUD around social media.
I still believe that this is a decent time to invest and adjust his own trading strategy - capitalise on wins - maybe hold bags which you are still proud of and ride the next wave up.
Preferably with an Elliot Wave.
What do you think which entry makes the most sense. Catching the knife seems to me risky right now.
Cheers guys.
We don't have much support to begin with but apparently a correction was needed - exaggerated by huge liquidation counts,
DOGE leader of crazy and FUD around social media.I still believe that this is a decent time to invest and adjust his own trading strategy - capitalise on wins - maybe hold bags which you are still proud of and ride the next wave up.
Preferably with an Elliot Wave.
What do you think which entry makes the most sense. Catching the knife seems to me risky right now.
Cheers guys.
Note
I think a healthier correction like this results in a smoother upwards motion. If we scratch the MA 55 again for the third time and land above it this might be the signal for a good long momentum.Don't hesitate to critique, maybe I'm missing something.
Trade closed: target reached
Note: I'm always amazed how quick the market can be. I need to learn:- Optimise time scale
- Think of volume trends (which gaps to fill)
- Does this pattern still fit here? (I think yes.. might be wrong - C was higher lows)
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