CRV / USDT breakout on the dailyCRV breaks out on strong volume on the daily candle. This is a great place to enter a position, or wait for it to pull back closer to the breakout point of 3.68. I believe the price will come down to around 3.8, but not linger much lower for long. Of course, this all depends on market conditions.
A great entry is around here or 3.8 with about a 10% stop loss.
Profit target: 25% , 40%, 60% + always dependent on market conditions, reversals, signs of weakness, etc.
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Update April 2021: We are in a tighter environment in terms of pumps, so I am taking profits sooner rather than later, around 25%, 40% and 60-70% range. It is really up to your experience and comfort on how long you let your winners ride.
My Crypto Strategy:
I enter trades in 5 and 10% positions (of total trading portfolio). If possible, I add to successful positions (in profit already) to a max of 25% total of portfolio.
For the 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halves. I like to let successful positions ride to 80-100% gains for further profit taking.
Depending on the coin and pump cycle, I hold some positions thru 100, 200 or even 300% returns, taking profits on the way up. ($LUNA, $ADA, $BTT)
My trading account is entirely separate from my HODL bags, which I do not trade or touch.
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