Like any form of trading/investing, you need to establish your parameters and what each move you make is. For example, is your holding in LTC a short term deal or part of your long term portfolio? If it is short term, what is your exit point if it goes down? By the same token, if long term, are you willing to buy more if it pulls back?
Cryptocurrencies are no different than any other asset in the realm of trading. The same technical rules apply along with money management. Investing in these assets is remarkably different and requires a more specialized knowledge that what is commonly used in the major indices.
Im holding for long term and if it goes down, Im really willing to buy more if it pulls down, knowing that eventually will pump back. Right now Im looking how it works everything. I know nothing about graphics, but you know, we are not born knowing.
$55.00 and $57.50 are the two levels of resistance.
Watch the volume if it breaks through $55....it stands a good chance of running to the $57.50.
Dont be surprised if it doesnt clear $55 and pulls back....this is the first run at it that level since the high was set a week ago.
I'm learning about cryptos. Im a rookie.
Very good.
Like any form of trading/investing, you need to establish your parameters and what each move you make is. For example, is your holding in LTC a short term deal or part of your long term portfolio? If it is short term, what is your exit point if it goes down? By the same token, if long term, are you willing to buy more if it pulls back?
Cryptocurrencies are no different than any other asset in the realm of trading. The same technical rules apply along with money management. Investing in these assets is remarkably different and requires a more specialized knowledge that what is commonly used in the major indices.
Im holding for long term and if it goes down, Im really willing to buy more if it pulls down, knowing that eventually will pump back. Right now Im looking how it works everything. I know nothing about graphics, but you know, we are not born knowing.