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Following on from the usual signals I do each week, I am aligning the assets that will be available on L1DEX.com, which launches at the end of this month. They will be a decentralized exchange using Layer One X’s blockchain for interoperability between other major layer one and two chains. So this week I am aligning with the assets they have already integrated with. This dex is aimed to have all the tools for traders one would usually see with a centralized exchange. So this is what my portfolio will look like (below):
I am using a monthly trend and Heiken Ashi candles and commenting on the broader trend using your usual Supertrend indicator. I am using very wide stop loss triggers as to not get stopped out of my position via volatility in the market. Also, I am trading spot markets, so no leverage is used.
Where I see an asset showing possible loss of momentum in the candles, I will move my stop closer and you will see where I place my stop in the above table. Also, by trading BTC pairs my portfolio will have greater exposure to more BTC when other assets are not outperforming it by default. I also have elected to use USD and BTC pairs and allocate funds toward each. All transactions once natively on Layer One X will be perpetually under one cent, so I will hold wrapped L1X native versions of these assets.
My plan is to rebalance my portfolio back to one asset when my predetermined trigger gets hit, then reallocate each part of my portfolio as the chart informs. I will check my portfolio each week and wait till I have at least 5–10% gains as my trigger to rebalance. The assets that display their trend is showing signs of indecision in the market, I will set tighter stop loss orders and include that info in the table. So this is in line with my goal of not having to watch charts every day, and report data so that new investors can receive a heads up when an asset is possibly about to reverse so they can use this data. The canary in the proverbial coalmine.
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