The market always offers a second chance... Always.
Here Notcoin (NOTUSDT) encountered a rejection at "final resistance" and is now trading above support with a very nice higher low. This is a perfect place, a perfect zone to go LONG, accumulate buy and hold.
When the market is red or trading near support, or both, that's the time to buy.
Notice the retrace, after the steps pattern, the nice rise and then Notcoin found resistance. Five days challenging resistance and then a drop. This drop has been going for four days today. Total 9 days of not growing action which will lead to the resumption of the initial bullish wave.
In short, Notcoin will continue growing and is set to grow. The small drop is what we technical market analyst call short-term noise. Another thing we love to say is to ignore noise at all cost, and to never use a stop-loss because this can weaken your long-term earnings potential as well as result in selling when it is not right to do so. The strategy is to buy and hold because prices will climb so high so fast so soon, that you don't want to be caught selling lower than what you bought.
A stop-loss is simply a sell order but you place the order below your entry point. This makes no sense. When you buy, you can set up a sell order right away but it must be above your entry price. If you buy at 100, set a sell order at 200 or 300, for example. If you buy at 100 and set a sell order at 80 what do you think will happen? The bots will see this order and sell just because you are committed to sell something you bought at 100 for 80, a 20% loss. Instead, when you buy, always make sure to place your sell orders very high up... Very high. In this way, the bots will have to also buy in order to meet your sell requirement... And that's how your money grows.
Thank you for reading.
Namaste.
