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RE: Shorting the Bitcoin Drop - Simple Trade Walkthrough

in LeoFinance5 years ago

Great eye, great work!

This formation, where a multiple times tested clear support breaks down, remains a decent opportunity to trade when it gets retested - sometimes even after weeks, months. Sometimes it's for pennies, sometimes, it's for a decent buck.

Sometimes when I need to do weekend analysis, but have this lull over me, I just go to the charts and review and mark some of these levels :)

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Thanks mate.

I can certainly empathise with the weekend lull. Heck, it's Monday and I still have it over me right now haha.

Just keep it simple stupid with your analysis and you can't really go wrong with decent risk management.