Crypto Trading Watchlist #020
In today´s crypto trading watchlist the following tokens & coins are covered: BNB, RNDR, BTC.
Possible trading opportunities are followed by my own trades, best and worst, this last week. My crypto trading account is staying at around $130 at the time of writing, which is about the same amount as last week. The trades I mention there are on $RNDR and $ARB.
If you would like to watch my previous watchlist, you can do that here or visit my blog. I also do TikTok and Youtube shorts of some coins, so take a look at these.
Hope you had an amazing weekend. Time to start off with cryptos showing opportunities at the moment.
Long
BNB/USDT
BNB is trading at a very important price level at around $330. The long term trend on this one is looking bright in my eyes, as it is making constant higher lows on the daily and might break to the upside very soon. The longer the trend, the bigger the breakout, so keep it on watch!
Short
RNDR/USDT
This is a trade I am currently in as well, with a good buffer and will hold on to this trade. I am in from around the $2.40s and am looking to take in profits in the $2s or below. If this should push up again, I can see the $2.30s as a good level to get Short, you can see the level I am talking about on the chart below.
BTC/USDT
Bitcoin seems to show weakness on the daily as it could not break above the previous highs or come close to it and is currently on a breakdown as seen on the image below. It might only be part of the consolidation, but currently I am more bearish as bullish on BTC in the short term.
Undecided
At this time the markets are not showing anymore good trades that I would mention, so no further Coins or Tokens on this list. My worst and best trades follow.
My trades this week
As always I will start off with the worst trade this week followed by the best. If there are more bad or good trades I will mention more.
Worst
My worst trade was on $RNDR, as I went Short on it and did not get out in time. Most of the time this happens when I am over confident and hold trades overnight. I know it might get bad but I struggled to take that L. I lost $5.24 on that trade, which is about the max (~ $5) I am willing to risk on one trade.
Best
My best trade (took profits in parts) was on $ARB, which made around the same amount as the worst loss with one part of the trade. I need to take out the trades where I make multiple small losses in a row to grow my account.
Thank you for reading my newsletter, I appreciate you all!
Hope you have a nice rest of your weekend and a nice start to the new week!
Niklas
This is not financial advice, it is for educational purposes only!