✳️ Band Protocol, Arrows, 240% & Basic Trading

25 mar 2023

The problem with drawing arrows is that the waves never show up as you draw the arrow.

Look at BANDBTC in early November 2022...
You can predict a bullish breakout in October but it doesn't matter what type of arrow you drew it can never match that, a straight line up.

If I draw some arrows now it would be impossible to match the exact action or even to get close.

The arrows are there just as a reference point.

They are not meant to predict/specify time, just the direction...
And this is case my projection is up.

I don't know if it will be a straight line up, sideways plus up or crash... Anything goes.

What I can am tell you is that this chart is bullish, BANDBTC has been growing since May 2022 and is getting ready for another jump.

With this information I can set a very tight stop-loss below the last low, around 5900 (very low risk), and target potential goes to 0.00015882 / 0.00026445 for a higher high (140% / 298%+).

✔️ And thus we end up with low risk and high potential for reward.

That's a trade setup.

Forget about the time... If it goes below your stop (you can set your own levels based on your risk tolerance), the trade can be stopped but if instead it moves up, you won.

Namaste.