PAY - Trading the Consolidation Box
Aggiornato
Pay is trading nicely in a consolidation box, and I have trades in both. I am actively trading the lower into the upper and will buy back into the lower. This is two separate trades and you must keep track of cost averaging. The target levels for the lower box is T1 the upper box T2. I have adjusted my stop loss according to each trade. I am long with PAY so I am trying to reduce coin cost after the meltdown yesterday by trading the consolidation pattern, and will close them at the targets or the stop loss depending on the direction of the market. Both OMG and NEO are setup the same way. I traded OMG and NEO yesterday, to reduce cost per coin, and today I'm focused on PAY even though the graph is not as nice as OMG and NEO.
Pay is in a bearish trend along with many others and I am monitoring for a trend change. I'm using RSI, and trade points, for this trade and I'm trading a the bearish trend consolidation channel. I am long PAY longterm.
Pay is in a bearish trend along with many others and I am monitoring for a trend change. I'm using RSI, and trade points, for this trade and I'm trading a the bearish trend consolidation channel. I am long PAY longterm.
Nota
I want to be clear and I should have added this, I am new to crytpo trading and I am trading with a small amount to test different strategies. I am sharing as if anyone has other strategies for which they care to share I am very open to. Feel free to post them on the specific blog. I am trying to get ideas from others as well. We are smarter as a whole then any individual one of us!Nota
bittrexblobstorage.blob.core.windows.net/public/42bc63db-49bc-4cda-8380-97f2bfa191a4.pngInteresting channels forming.
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