✴️ Internet Computer Or... Which One To Short?

27 Oca

Leveraged trading is for advanced traders, those market players with a little bit more experience than the rest.

If you are only starting now, it is ultra-wise to consider spot trading and use the more advanced tools such as margin and lev. after several years of success with the low risk venture... Or you can do your research and get started right away.

We share information for beginners.
We trade for beginners mainly but we've been around for a while now, 7 years and counting, so we have to step up.

When looking at the charts, we have so many options which is great but sometimes this can turn into a problem rather than a blessing... Let me explain.

We are looking at the Internet Computer (ICPUSDT) daily chart, which one to short?

One of my supporter was asking if it was ok to join those trades that are already moving. While it is ok, risk is higher and we prefer low risk because the lower the risk, the higher the probabilities of success.

And thus we get to the point I want to share with you today.

We have many Altcoins, some always more advanced than others and choosing can be difficult because we might be overwhelmed or simple just don't know.

Look at the following charts, take a minute of your time... Just a glance: Cardano (ADAUSDT), ThorChain (RUNE), PolkaDot (DOTUSDT) and Solana (SOLUSDT) —What do you see?

Notice that these charts already trade few a levels below resistance, some below EMA50 and others below EMA100 daily.

On the other hand, consider the following list: Binance Coin (BNBUSDT), Bitcoin (BTCUSDT), Tron (TRXUSDT) and Internet Computer (ICPUSDT)... Can you spot the difference?

The former group already moved away for resistance, while the chart setups are good there is higher risk involved. The latter group is trading near resistance, which means that these are better for a short... That's my point.

➖ When selling, choose those near the top/close to resistance;
➖ When buying, choose those near the bottom/close to support.

This way we will always get low risk vs a high potential for reward.

This is not financial advice.

I love you!

Thanks a lot for your continued support.

Namaste.