Ethereum: My Trading Plan
My trading portfolio includes the following coins: BTC, ETH, BNB, EOS, IOTA, XRP, XLM. I invested different sum in each coin, and it is a long term trading.
At the same time, I want to increase the number of ETH in the portfolio, as this market looks very interesting from TA and FA points of view.
How to do it?
If you look at the daily timeframe, the price is going to bounce from the support zone between SMA100 and SA200. For me, a reversal signal will give the 1st entry point for buying. Of course, I won't invest all money at this point as the price can drop below this support!
The perfect buying zone will be at 120.00-100.00 support levels and the weekly uptrend line. If the price reaches this zone, I will invest all free money in ETH.
If SMAs can hold the market, the 2nd entry point will be above the daily downtrend line. I will need to wait for a breakout signal and join the momentum after that. Again, at this point, I'm going to spend just the part of money. The same goes for the breakout signal above the weekly downtrend line. Also, the part of the money I would like to have for buying after pullbacks in a bullish trend.
It is my trading plan! What about you? Share ideas about how you will trade in this market.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
At the same time, I want to increase the number of ETH in the portfolio, as this market looks very interesting from TA and FA points of view.
How to do it?
If you look at the daily timeframe, the price is going to bounce from the support zone between SMA100 and SA200. For me, a reversal signal will give the 1st entry point for buying. Of course, I won't invest all money at this point as the price can drop below this support!
The perfect buying zone will be at 120.00-100.00 support levels and the weekly uptrend line. If the price reaches this zone, I will invest all free money in ETH.
If SMAs can hold the market, the 2nd entry point will be above the daily downtrend line. I will need to wait for a breakout signal and join the momentum after that. Again, at this point, I'm going to spend just the part of money. The same goes for the breakout signal above the weekly downtrend line. Also, the part of the money I would like to have for buying after pullbacks in a bullish trend.
It is my trading plan! What about you? Share ideas about how you will trade in this market.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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