RLC/USDT Secondary trend. Decline -63% Wedge. 10 2023

Logarithm. Time frame 1 day. Secondary trend.

Working with a wedge. Breakout, pullback after breakout. Showed percentages, two targets in succession and two options if the breakout will be now or after another decline when forming a wedge from key support zones. Stop loss on such coins before reversals is usually knocked out. Its length does not matter (large slippage due to liquidity) The chart earlier is a witness to it.

If you are working from the average buy/sell price, then put the average price between the two zones in your risk management, it is more rational. Hope for the best, but expect the worst. As a rule, breakouts on similar cryptocurrencies of such liquidity take place in impulses by a significant percentage. Take profits and forget it, move on to another similar coin before the breakout. Pump/dump coin is not for accumulation.

Low and medium liquid alts. Try to take the momentum, that is, the first movements of the trend reversal (breakout of the wedge), do not emphasize the instrument (crypto coin), it is all conditionally crypto garbage. Use the given time, don't use high leverage + protect profits if they are substantial. There is no real shock capitulation yet, whether they will do it or not is another question.... But always more yes than no.


🧠Mani and risk management..
In any case, always follow mani management, less margin, more spot. Limit potential risks, especially on HYIP garbage, observe adequate risk management especially when working locally, no matter you are working with stop loss or from average buy/sell price. Risks are calculated in advance, not post facto. Set adequate targets as for a local trend, without hamster x's (i.e. maximum channel range or a little more than the average price of targets (according to TA) of the wedge.


Line chart.

Сделка закрыта: достигнута тейк-профит цена:

+35%

Сделка активна

Сделка закрыта: достигнута тейк-профит цена:

From the level of 1,273 (first target) the price made an impulse to the second target.

+80% so far. Price has reached the level of the second target 1,588

Will still pull up and will do a range sawing for a reset. It's up to you to stay in the position or pour into other coins with lower % of growth.

Сделка активна

Сделка закрыта: достигнута тейк-профит цена:

Reached sluggishly (in comparison with other assets, and pumps "stick" in the past on this asset) the local level of 18.55, which is +100% from the reversal of 1.069 Key local levels on which the trend development depends (under the general situation on the market) shown by arrows.

Сделка активна

Сделка закрыта: достигнута тейк-профит цена:

Alt season continues. The price reached the level of 3,152, In the second wave, from the support of the zone 1,273-1,4 it is gentlemen +165% in the moment now. From the reversal zone 1.69 after breaking the downtrend (wedge resistance) and exit from the accumulation (horizontal channel) is now at the moment +300.18% Protect the local profit, it is significant.