While there aren't many short-term opportunities in crypto at the moment, there are several promising long-term setups with high risk but also high potential rewards. It's crucial to manage risk and make wise investments. My first pick this year is PCX.
Read more below... 1/4
High quality chart:
For this first setup and comeback I decided to keep it very simple to later on gradually share more complex ideas and analysis with you.
Comment on this pick below.
2/4
ShortURL - URL Shortener
- Breaking long term trendline with increased volume (still needs to break short term resistance to gain more momentum) -While the R/R is extremely high, there is a 30% loss previous low. I will use previous low as stop. - Devs are active and tokenomics are the same as BTC.
3/4
I think PCX is a solid project with a strong narrative, particularly in a bull market. The team's focus on building a scalable Bitcoin layer 2 is definitely a plus. I'm confident in the project's R/R and volume, so I'm accumulating a healthy position in PCX. 4/4
Let me know what you all think of this one and I'm open to hear some of your picks.
Happy new year!
HQ Chart link (Working):
TradingView ChartThis post is based on this twitter thread.
Comments
Please login to comment.
