VET DAILY TRADE #17 -> Accumulation
Yesterday I mentioned accumulation as a possible strategy. I think that applies again today.
The problem with entries here is the reality of getting it in my green buy zone is, its likely VET doesn't slowly get there, or even accurately hits that zone.
If VET gets to that buy zone it will be because BTC dumps, if BTC dumps, its coming down 51k to 53k before looking at bouncing. In which case that buy zone may be where VET eventually evens out to 4 to 8 hours after BTC finds its bottom.
There's so much risk here for short term trades, which is why taking a longer time frame accumulation strategy could be a healthier approach. BTC is still bullish, we are still in a bull market. Even if we hit 50k BTC, all it would be doing is trading in a zone.
How confident are you in .35 VET targets? Have you DYOR? If you're bullish imo you accumulate here.
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ENTRY
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BUY: accumulate .187
TARGET: .279
STOP: .153
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--==--==--==--
Fundamentals
--==--==--==--
Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
--==--==--==----==--==--==--
**Don't accumulate here if you cant afford to
The problem with entries here is the reality of getting it in my green buy zone is, its likely VET doesn't slowly get there, or even accurately hits that zone.
If VET gets to that buy zone it will be because BTC dumps, if BTC dumps, its coming down 51k to 53k before looking at bouncing. In which case that buy zone may be where VET eventually evens out to 4 to 8 hours after BTC finds its bottom.
There's so much risk here for short term trades, which is why taking a longer time frame accumulation strategy could be a healthier approach. BTC is still bullish, we are still in a bull market. Even if we hit 50k BTC, all it would be doing is trading in a zone.
How confident are you in .35 VET targets? Have you DYOR? If you're bullish imo you accumulate here.
-=-=-=-=-=-=-
ENTRY
-=-=-=-=-=-=-
BUY: accumulate .187
TARGET: .279
STOP: .153
-=-=-=-=-=-=-
--==--==--==--
Fundamentals
--==--==--==--
Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
--==--==--==----==--==--==--
**Don't accumulate here if you cant afford to
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