Questions to think about in case of a summer rally.You have to do it if you want to trade with confidence, it's better than just sitting and watching harmony coin price 24/7 on coinmarketcap.
What will you do if:
- The market starts to grow. When will you go in? Where do you take profits?
- The market will go sharply down. When will you close your positions?
- The market will continue to move in ranges. What are the signs of consolidation without a trend? Will you wait for a trend? Or will you trade on levels?
Without a plan, whichever scenario starts to work out, you will still lose money, time and effort.