I'm in @ $8400, so I am considering a sell point at $9500 so that if it breaches far out of the lower white channel I can buy at around $4k-$6k. Thoughts?
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I'm in @ $8400, so I am considering a sell point at $9500 so that if it breaches far out of the lower white channel I can buy at around $4k-$6k. Thoughts?
It is your money and your decision. 🙏
Good luck man! :)
Not a bad idea if the pattern shows it is going down but just make sure if it does that it isn’t a bull wick where it can momentarily go outside the lower white channel and then quickly bounce back inside.
I did this same thing a few weeks ago at $11,500/$8000/$6000. It worked very well for me in this instance but it's risky and stressful. I'll be watching closely considering the same approach this time. Good luck.