Potential LRCUSD LONG
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• I maintain my position that I have not seen any price action that would suggest LRCUSD establishing a new ATH.
• That being said, LRCUSD is indeed reaching rather attractive levels to consider DCAing in.
• Though LRCUSD might start dumping further, daily RSI is nearing record lows.
• Strategy A. Long if LRCUSD breaks above the parallel channel and closes 2 daily candles above.
• Strategy B. DCA in, if LRCUSD breaks $0.83, and in incremental proportions, in-between $0.83-$0.57.
• The maintenance of mental frame is much more important than any immediate profit and loss.
• For LRCUSD, maintain mental frame by removing all expectations of any GME announcements from your mind. There is a huge difference between news and rumours. And as we know, fundamentals lag technicals.
Shared content and posted charts are intended to be used for personal feedback analysis and informational purposes only. I do not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. I do not accept liability for any financial loss or damage our audience may incur.
• That being said, LRCUSD is indeed reaching rather attractive levels to consider DCAing in.
• Though LRCUSD might start dumping further, daily RSI is nearing record lows.
• Strategy A. Long if LRCUSD breaks above the parallel channel and closes 2 daily candles above.
• Strategy B. DCA in, if LRCUSD breaks $0.83, and in incremental proportions, in-between $0.83-$0.57.
• The maintenance of mental frame is much more important than any immediate profit and loss.
• For LRCUSD, maintain mental frame by removing all expectations of any GME announcements from your mind. There is a huge difference between news and rumours. And as we know, fundamentals lag technicals.
Shared content and posted charts are intended to be used for personal feedback analysis and informational purposes only. I do not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. I do not accept liability for any financial loss or damage our audience may incur.
Ghi chú
Commencing DCA.$0.79 5%
$0.74 10%
$0.68 15%
$0.63 30%
$0.57 40%
Ghi chú
• As mentioned in my previous post on LRCUSD, there are marginal returns near the peak. Selling at $3 instead of $4 is just a matter of 25%.• Similarly, there are marginal returns near the bottom. DCAing in at $0.75 instead of $0.50 is just a matter of 50%.
• But comfortably buying and selling near bottoms and peaks gives us, for the above completely hypothetical price points, a 300% profit. Yes, it's much less than the hypothetical 700% profit, but the market is hard to time ideally. And MUCH MORE IMPORTANTLY, the mind plays tricks on you so much so that the moon-hopium injected into your brain near the peak will dissuade you from selling. There are no profits or losses till you sell!
• This is why the maintenance of mental frame is much more important than any immediate profit or loss.
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• 30% of budgeted bag filled.• However, the markets are still uncertain, and it is best to be prudent than to be overly aggressive in buying and keep shifting one's goal posts
• (How many analysts have been longing from $3 to $2 to $1 to whatever low is the most recent? This is especially dubious given how BTCUSD has been shaky ever since it broke the 8W SMA in Nov'21.)
• I still don't think this bullrun is over. But whether it's over or not, profit making is paramount, and it's good to remain evidence-based, level-headed and prudent.
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Change of Loopring CEO. Given public commsing so far, why am I not surprised? No change in current strategy.Ghi chú
We might get a chance to fill the rest of the bag. Time to ready the dry powder :)
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100% bag filled.$0.79 5%
$0.74 10%
$0.68 15%
$0.63 30%
$0.57 40%
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