Serban’s Crypto Picks: Trading Call Update – Closing $BAL – Stop loss triggered
BAL was looking strong, so we moved the SL to reduce the risk for this trade. It was the right move given the circumstances, but due to a sudden decline of BTC, everything else dropped with it. We’ll take the small loss here and follow BTC closely to get the next good entry on other coins
Serban’s Crypto Picks: Trading Call Update – BUY $BAL – Moving SL
Wednesday • 27 October 2021 • 09:04
Moving the $BAL SL up to $23.5, significantly reducing the risk of this play.
Serban’s Crypto Picks: Trading Call – BUY $BAL
Wednesday • 27 October 2021 • 08:07
Entering $BAL at $24.5 with SL set at $21 and TP at $37. Should be a quick trade as it looks primed for a move up further.
BAL description from coinmarketcap.com
Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.