✴️ STEPNIf GMTUSDT (STEPN) can grow, why not the rest?
Do you really need many signals to confirm your bias?
Do you really have to wait for the "earnings", "CPI", CNN, FED meeting, the rocket launch, China news, etc. before you can make a trading call?
Do you really need to wait, wait and wait while everything continues to grow?
If you waited for Tesla's earnings, by the time the earnings went out Tesla grew by 60%. Waiting for the earnings might sound smart but it is confirmed in retrospect that it is a dumbs play.
Instead, you get to use these beautiful charts and buy at support...
If it breaks below, a trade is closed with minimum loss...
As it goes up... You get to earn on the way up.
Risk vs reward.
Low risk with high potential for rewards.
Basics trading.
TA, chart patterns, fibs., indicators, candlesticks, volume, waves... They all work and this is the game we play.
Ok, enough ranting... STEPN.
Super high volume as the year 2023 started.
Mostly green candles after the late December low.
A super strong RSI... And the strongest signal of all...
The major downtrend, black, is now broken, the bias is turned fully up.
Any bad news can produce a correction, but corrections will happen news or not.
Make sure to do your own research and plan before trading, market conditions can always change.
Make sure you have a plan as this can reduce risk and increase potential gains.
With a plan, you will also know what to do at the right time rather than getting caught off guard.
If prices jump fast, it can be as uncomfortable as prices dropping fast.
What would you do on a sudden 30% drop?
What would you do on a sudden 50% jump?
My strategy is simple... It can drop to zero, after years of going down I know how to think long-term, buy and hold.
I will sell when everybody starts saying that they are about to quit their jobs.
Namaste.
