Inspired by Trading-Guru's idea, which I have been following as a basis for scalping NEO, I wanted to make a few updates that I have incorporated into my strategy.
Essentially this falls in line with the referenced Idea, although the RSI, along with a breakout and subsequent reversal at the previously standing support zone for this timeframe, if things continue to play out favorably for this pair, we may have a support zone a bit higher than initially thought and can adjust the upper end of our scalping accordingly.
This is my first idea I've actually posted (Thanks Trading-Guru for the inspiration from your quick updates series).
Cheers,
Jon
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I think I'm supposed to put some sort of disclosure, so here it goes:
I'm a stupid talking ape, if you want to take advice from a stupid, talking ape... that's on you. If you wouldn't ask a zoo animal what you should do with your money, don't ask me.
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Essentially this falls in line with the referenced Idea, although the RSI, along with a breakout and subsequent reversal at the previously standing support zone for this timeframe, if things continue to play out favorably for this pair, we may have a support zone a bit higher than initially thought and can adjust the upper end of our scalping accordingly.
This is my first idea I've actually posted (Thanks Trading-Guru for the inspiration from your quick updates series).
Cheers,
Jon
==========
I think I'm supposed to put some sort of disclosure, so here it goes:
I'm a stupid talking ape, if you want to take advice from a stupid, talking ape... that's on you. If you wouldn't ask a zoo animal what you should do with your money, don't ask me.
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Note
Recent BTC:
USD breakout caused the VET:BTC price to drop, but was denied pretty much dead center of our original support zone, indicating that 0.001050 BTC is a strong support for VET and may mark the bottom for some time ahead.Note
That didn't play out as expected!Although it's holding up against USDT.
Just goes to show you, keep your stop-loss reasonable and do your own research.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.