CVC testingresistanceas shown in chart CVC/USDT is testing the resistance and wants to do outer pullback
but if it cant go through we expect to go down through the first (not weak and not strong) support
CVCUSDT.P trade ideas
CVC Why you should be LONGGood day traders. I began scaling into CVC this morning around $0.075 because the 15 MA is crossing the 30 MA from below. The momentum is rising and positive. All this means its time to buy!
Green arrows indicate long opportunities and red arrows mean "you should have sold already"!
Simple but effective edge for alt coins but will give false signals so I set S/L around 0.06 (20% from average buy in).
Manage the trade once in profit and begin taking profits 0.09 but always split profits with coins...that way your never out of the trade (house money)
Back test for yourself and see how simple can be super effective. It's been my go to for awhile now and has produced sweet profits!
This is not financial advice or a recommendation to buy. Please do your own research and form your own opinion. Develop an edge and a trading plan, master them then you can add more...
