A very young chart, as usual for Binance trades, so let me start with a caution: There is no history for this coin. It has been going down since it was added to Binance, and after reaching a low point, it is now breaking out and going up strong. Trade at your own risk, which is always true, but know that the markets are "choppy" and the trades being shared now have a higher risk than our usual trades. This will always be true until the market correction is over and the conditions change to positive. I know you understand.
Now, back to trading...
The chart for Red Pulse ( RPX -6.67% ) looks like a good set up, we are going to aim for short to stay on the safe side and because of the conditions of the cryptocurrency market. Now, let's make some money!
**** Red Pulse ( RPX -6.67% ) Trade Analysis by Alan Masters
We go straight to the details:
TRADE INSTRUCTIONS
Buy-in: 0.000023 - 28
RPX -6.67% Short term targets:
(1) 0.000030
(2) 0.000033
(3) 0.000035
Stop-loss: 0.000022
Trade strategy: Buy in, hold and sell for profits. Aim for 20% profits and higher on the short term.
Note: Only use a small portion of your capital for this trade.
CHARTS, SIGNALS AND INDICATORS
First let's take a look at the chart, this is a very short term chart, a 1 hour chart:
- Most of the details are on the chart. The bottom, the bounce, the breakout and the new trend line .
- All the indicators are trending upward or turning bullish .
- This coin is ready for a good, quick, short run.
MESSAGE: THANKS
I want to thank you for another day that we are together doing these trades.
I want to thank you for everything, for coming over and over, even when things don't go our way.
I want to thank you, because I know that it isn't easy to see the markets fall.
Regardless of what happens, more opportunities will always come.
Thank you for your continued support.
So please just keep on trading, your turn is closer than what you know.
Namaste.
Trade closed: stop reached: This trade didn't work out. But this is ok since we only used a very small portion of our capital on it, less than 5%, since this was very short term and high risk.
With a 10-15% loss on 5% of your capital, your total loss shouldn't be more 0.75% of your total capital. So not a big loss.
Red Pulse (RPX) charts are really young, so this trade can't be revisited until we have some history to trade it successfully and low risk.
There won't be anymore "high risk" trade as the market is looking like it will change direction, into the positive, soon.
Thank you Alan!
Interesting post. But for a minute, I thought you were talking about short-selling XRP ...