Welcome back,
The entire crypto market is still resting, but a few tokens have performed very nicely. One of those tokens is WLD. This was on my radar, but I did not add it to my portfolio. I did buy it at 95 cents, but I sold it at 98 cents because of the technical analysis I did on that token.
My friend, however, bought it at 85 cents, and I asked him to hold because it had recently confirmed a very strong support. Today, that decision paid off as the token topped by more than 60% and a god candle was created. Token reached $1.6 and my analysis says that it will go close to $3-4 in next 2 months.
Anyways, let me now talk about my testing portfolio. As you might have read in my previous blogs, we have already added a few tokens. If you are not aware, I will just name them here: initially we added Dog token, then PHA, ENA, Bone, Pengu, and Etherfi. These are the tokens that we already have in our testing portfolio.
Today, I am happy because three of these tokens have performed extraordinarily compared to the rest of the market, and those tokens are Etherfi, PHA , and Pengu token.
Now, I have been talking about how to manage your emotions properly so that you do not end up falling into greed, and my targets are already set. For Pengu, I am holding it for the next two months. For Phala, I have a short term goal where I am going to exit between 25-35% profit. For Etherfi , I already sold a portion of my tokens today. 25% of my holdings are still with me, and that is how you avoid greed. I know the token might rise by an even bigger percentage in the coming days, but my targets were achieved, so I booked profit already.
From here, I will either look for another opportunity in the same token or search for different tokens to add, and I will share those updates here with all of you.
As we move closer to the 15th of September, when the FOMC meeting will take place, the market is reacting or we can say it has already started to react. If the rate cuts actually take place, then I expect a very good pump in the tokens I have shared recently, because they are all strong projects with good teams and solid technology. I personally expect that this time the rate cut will finally happen, as speculations are showing almost ninety nine percent chances.
So let us hope for the best. Hold on to your bags and keep a little more patience everyone!
Thank you and happy trading everyone.
