Long

ICP Raging Bounce Incoming?

Updated

I am a scalp trader at heart but once in a while I have to try a swing. Ive been watching this coin trade and the crypto market trade over the past few weeks as sentiment quickly followed less than favorable price action and a stampede of bulls rushing towards the exit were met with a full-auto massacre by the bears. In this violence Ive managed to stay profitable but there were some close calls on getting ran over but by sticking with my strategy and having some patience I avoided any loss (but boyyyyyy there was some drawdown) . As quick as sentiment changes in crypto sometimes it can change back with a strong green candle. I am long on ICP from 112 with a loose stop as I see the market geared up for a potential short term reversal. As always this is for entertainment and not financial advice just an idea.

Note

this trade remains active. if price action leads to 103/100 I will re-evaluate. I was told by a great swing trader the key is not entry but allowing room for the trade to breathe. I would love to trade around my current position but it appears the market simply wants to pump other shitcoins at the moment including doge 😆🙄

Trade active

Note

Every bid is met with a liquidity grab as sellers eagerly sell at these lows. This shitcoin appears to have an endless supply and I am so far underwhelmed by what looks like market makers attempting to make patterns and failing at their own game. Im not closing my position but Im looking forward to getting stopped out on this dumpster fire. Thats what you get for picking a shit coin names "internet computer" and with the ticker of a terrible pseudo rap group who can only afford to spray faygo pop on their fans 🤷‍♂️😆 AMC scalp trading kept me entertained and profitable today as watching the tape on this all day surely would have been as fun as bamboo shoots under my nail beds.

Trade active

DCA. AVG 108.385

Trade active

Half my position is off at 125. Call me paperhanded I dont care. Like I said Im a scalp trader at heart 😆

Note

Rentry with DCA @ 104.45

Trade closed: stop reached

I am long stopped out of this trade.

Berkshire_Passaway

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