Good day my friends, let's take a look at decentraland.
The chart is pretty self-explanatory. We don't know if the uptrend is over (if yes, we are in a downtrend and it will show when it breaks the side way consolidation. This means we can have a tight stoploss and this is why it is easy for beginners). On the other hand, if we are still in an uptrend, this is a very good position to buy.
Entry is the yellow box.
I hope you find this information helpful :)
Giao dịch đang hoạt động
⋅
WE ARE PUMPING! Please ask yourselves, how long are you willing to hold this coin? At what time frame are you comfortable trading in?
This should dictate when you take your profits. Again, buy low --> sell high. When the market is overbought in your own comfortable time frame, feel free to take profit.
@togocoin, my ladder for this one: 620 / 650/ 730/ 800 (These are not fib.levels, but eyeing the chart). It is unlikely that we reach the higher targets today. The timing when you take profit should do with the time frame you are willing to stay in the market.
For example, if you are willing to hold for a week or even a month, you don't have to take 10% profits. But I am not willing to hold everything for that long. For that reason, I will be taking profits along the way.