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Viza
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$WIF
let's make the push down to 2.3! Looking for longs from there
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WIF
2.528
+0.79%
230
0
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$BTC this is not the bottom and we both know it...
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$WIF trying to trade reversals with a large position (especially with leverage), is not the wisest choice for the average retail trader. If you have a directional bias, up or down, wait for confirmation of this trend before you enter and enter with a stop loss. It might eventually go in your direction, but that is provided you don't get liquidated and run out of margin, or drawdown beyond your risk level. It's worth losing a few basis points of profit for a chance at more consistent profits. That said, I don't think now is a good time to open a new trade. Market can go either direction right now. While I am still of the opinion it will drop, I entered this trade near the local peaks so this is a risk free trade for me. No trade = no loss. Log off and come back at a better time. #tradesafe
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$WIF downside pressure is really strong now. Seems that we are forming resistance at 2.5, and sitting at a glass level. Any bad news will break it and we will tumble. I'm no longer certain of how low, but my targets will remain 2.3 and 2.2 as I've kept them for 3 weeks now. #tradesafe
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$BTC test support at 64
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$WIF log off and buy another time. Not today, not tomorrow, maybe in a few days. Let it fall.
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