New Strategy: Leverage short the alt pamps
Instead of chasing out the alt pamps, I am going to chart some potential counter trades.
The blue line, would be more ideal, as there's less risk, and more potential for profit as the price is ~5% higher than it is now.
The yellow line, would be a breakdown of the current support, wait for re-test, and then enter taking profit as price hits the next support level.
Yellow line seems more likely.
These are just thoughts, and I will not be trading this but I want to make observation of the outcome still.
The blue line, would be more ideal, as there's less risk, and more potential for profit as the price is ~5% higher than it is now.
The yellow line, would be a breakdown of the current support, wait for re-test, and then enter taking profit as price hits the next support level.
Yellow line seems more likely.
These are just thoughts, and I will not be trading this but I want to make observation of the outcome still.
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