$AVAX & $NEAR When major coins like this start moving in the market, forget about shorting them.
You can make far more money on the long side than what you’re hoping to make from a short.
These coins can stay quiet for years, but once they start moving, the rally can continue for a while.
Remember this.
Market conditions change, but some things never change.
You saw it with $ZEC.
NFA
$ENA I think I’ve mentioned the $0.135 support level at least 5–10 times.
Even when the market sells off, price keeps holding this level and reacting higher from it.
I gave $0.20 as a target recently, and that target has now been reached.
With major coins like this, long entries are extremely important.
You simply find a strong level, take the position and wait.
The longer you wait, the more you can make.
$0.135 was the long entry level I kept pointing out over and over again.
NFA
Look at the moves we’ve seen from $LUNA2, $LUNC and $USTC.
Go back and study their previous price action.
These three coins often form very similar chart structures and price movements.
You can see one starting to move and potentially look for a setup on the others.
But before these coins start a real rally, they usually make several fake moves first.
Even when the rally is about to begin, you can still see a few fakeouts while the market builds enough liquidity and volume for the real move.
What I’m explaining here comes from years of technical experience.
I’ll leave the two $LUNA trades I took below.
NFA
Stop loss at $0.04 because this is a major resistance level.
If price breaks above it, it could start a rally and I may change my plan.
But that move could also come after a pullback.
That’s why I took the short after price touched the $375 resistance.
NFA