So how can a trader trade this on polo. its simple
Step 1...draw ur resistance line pix 3
Step 2a... Either you place a buy stop limit just above the resistance line
Or
Step 2b... You just keep monitoring the chart for when price breaks pass the resistance line.. Once it breaks... Simply instant buy
Now after buying... Simply place sell stop orders at the recent higher lows...
This is to protect urself if the dump starts at least you won't bleed to death...
It's just to mitigate ur loss
You can place sell stop limit orders at any of the marked pix 4
Now sit back and watch if it pumps further
Now price went up and rebound downwards before retracement to the upside...
See circled region on chart pix 5 no problem
Just cancel your sell stop limit order you set at break even then set a new one just under the new higher low ...
By this time you already in some profit pix 6
While others are trading with their hearts in their mouth..
You're trading like a ninja. Just repeat process.. and that is it
DISCLAIMER
COMPILED BY DALEMAT RESEARCH TEAM ON TELEGRAM CHAT( @KENCOIN @CEO_ehis @Forzakiel @GuiderMMM @eltNEG)
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