Hey folks. I hope you are doing well. This is my Current plan on Presearch (PRE)
Presearch is one the riskier assets I plan to accumulate for the next Bull Run. It is a product I use daily. It is a Search Engine that works like it was designed, simple and easy to use, and rewards users with Pre Tokens. I'm bullish on the project. And as for the crypto market, I believe it is a great time to gather (DCA) strong assets to build long term wealth.
I plan to Dollar Cost Average (DCA) at key supports to bring down my average entry price. It is impossible to determine when or what the exact price will be when the bottom is made, even though I believe we are close. I believe if an investor has the correct mindset, they will be rewarded when the bear market ends and the next bull market begins.
As for me, It is important to limit myself to a handful of good projects that will be around in the future, and I plan on allocating 2% of my entire portfolio to Presearch. If I can DCA into PRE under $0.05 cents, the Risk/Reward tilts in my favour.
- I have my entry levels on chart. And already entered a small portion at $0.04 cents.
- Notice the Reward compared to the risk.
- Also notice the Stoch RSI on Weekly Chart below. It is bottoming out. Oversold.
Note: The Stoch RSI can stay at bottoms a for a long time
I think by late 2023 the bottom should in. But Markets can change at anytime, and depending on price action, I may revaluate my position. Nothing is set in stone. For no trader or investor can predict the markets, best that traders or investors can do is to determine the probabilities in which direction it will go.
Not financial advice.
Please take Note: Price Action on Weekly Charts can take some time to play out. Anywhere from a week or two to a couple of months.
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