How did I time my exit?
My strategy isn’t revolutionary, it’s just pretty standard.
I just exit after the first sign of a trend reversal. In this case, if ATH resistance isn’t broken I close my position on the next slight recovery
1. Set benchmark in last ATH before a dip.
2. New ATH, breakthrough tends to be a good sign of continuous uptrend.
3. Parallel dip similar to the previous one, floor set up as resistance.
4. Failure to break **ATH**, generally indicates trend reversal.
IS THIS A 100% ACCURATE FORMULA?
Not at all Mad Lads, trend reversals might happen, specially on a launch, and every coin behaves very differently. Several factors are in order, but this is my general rule of thumb when speculating in this specific type of shitcoin launches.
BEST OF LUCK DOWN THE LINE, MAD LADS
