✳️ Orchid | Trading My Charts, Basics & 175% Bullish Potential

27. Jan.

Good morning my much appreciated Cryptocurrency trader, I hope you are having a wonderful morning, a very nice weekend.

When we look at this charts, we are normally very conservative with the targets. Of course, we can do long-term charts and we do, but mostly we share chart setups with the intention of timing and reversal, to call to your attention to the opportunity...

➖ Once you have a good entry, the rest is easy.
➖ Once you buy in low, after the breakout the rest is win.

So don't worry nor focus about 100%, 200% or 300%, but rather on the fact that the current price is low and there is huge potential for it to go up.

Patience is needed of course. While some pairs can move fast within weeks or days, most of the pairs take months to reach their targets and this is normal but as the bullish wave develops, as the market phase develops, excitement builds up and fast movement is possible but should never be the aim nor the norm.

If you visit my profile you will notice that most of the trade ideas go beyond target, the most recent example being STORJBTC. Keep this little fact in mind for your planning... And do plan, because it is the best way to maximize potential profits when we trade.

And do plan, it is worth it. If you invest time in your craft, you are bound to do great.

Orchid is now trading above EMA200, EMA100 and EMA50 after a series of higher lows.
The bottom was hit in July, so that's six months of bullish consolidation before the major jump shows up.

If we keep a positive mind and focus on a positive mentality, even when it is inevitable to make mistakes and going through the pain of being wrong, persistence will always win, dedication yields results.

This looks like a good pair.

Targets/resistance are mapped with green.
Support levels are mapped with orange lines.

Targets above the current price.
Support levels below.

It can go in any direction, market conditions can always change... With that said, we predict the next movement will be a raise.

Namaste.