Continuing from yesterday's update "Time to Play Offense"
Crypto weekly closing has been very good.
Model continues to be long the majors with invalidation levels
$BTC - 26500
$ETH - 1500
$SOL - 21
Looking at the price action it suggests that we could be looking at some explosive moves in the coming week.
As suggested in the last update
It only means we can go down the risk curve to capture more gains.
Also, we are now in a stage when you will see exits from the model even when theres nothing wrong with the coins.
For example, INJ LINK MKR are all decent. Model was long on them and captured the move.
But a trader's capital is finite. hence it makes sense to only focus on strong relative strength.
This means only the top 20 will make the cut. Otherwise, we will end up 100s of longs in a heated bull phase.
Coming to model positions, there are 2 entries and 2 exits.
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