Trade Idea From: AVS Academy Crypto
$BR, a newly listed coin, has breakout potential if it can surpass this level. The target is based on Fibonacci extensions. Solid volume observed.
Please note that this post is purely for internal analysis and should not be considered as investment advice, financial guidance, or a solicitation to buy or sell any asset. AVS Academy Crypto is not affiliated with or invested in any of the projects mentioned. This post is solely intended for internal analysis purposes.
Cryptocurrencies other than Bitcoin carry extremely high risks. An ideal portfolio should consist of 70% Bitcoin, with any altcoins comprising a maximum of 3% to mitigate potential volatility. Additionally, risk no more than 1% per trade. It is also advisable to maintain at least 10% of the portfolio in cash.
Once an asset appreciates by 100%, it is recommended to implement the "Moobang Strategy" by selling 50% of the position while allowing the remaining portion to run as profit. For beginners who have been in the crypto space for less than a year, it is advised to avoid leveraged trading.
Only invest with disposable funds, as cryptocurrency investments come with both significant profit potential and substantial risks. No entity can guarantee the outcome of crypto transactions. Cryptocurrencies are highly volatile and can experience rapid price fluctuations, so it is essential to be cautious and make well-informed investment decisions.
Data Source: AVS Academy Crypto via TradingView.