STEP - Doom Long
Updated
After closing earlier trades, I jumped back in at 0.25 for a scalp to 0.34-0.40, but this setup is entirely different.
Not sure if it comes after or before another high, but:
- Looking at where I think BTC and SOL are going in the following weeks/months,
- How terrible the SOL ecosystem has been performing for weeks
- Assets like COPE, Tulip, Mango taking the lows
- 1-second scam wicks on FTX,
I think we have a decent chance to get this entry between 0.1820 - 0.1690.
It can definitely go lower and I won't actually use a stop (at least I won't set it), hence going in with a small amount and will watch how things will develop. Since it'll be an amount I won't care, I won't mind holding it until Dec 2022 - Feb 2023 and aim for even higher targets.
PS: I'd prefer this to be a scam wick (20-50%) rather than getting filled after a slow bleed.
Not sure if it comes after or before another high, but:
- Looking at where I think BTC and SOL are going in the following weeks/months,
- How terrible the SOL ecosystem has been performing for weeks
- Assets like COPE, Tulip, Mango taking the lows
- 1-second scam wicks on FTX,
I think we have a decent chance to get this entry between 0.1820 - 0.1690.
It can definitely go lower and I won't actually use a stop (at least I won't set it), hence going in with a small amount and will watch how things will develop. Since it'll be an amount I won't care, I won't mind holding it until Dec 2022 - Feb 2023 and aim for even higher targets.
PS: I'd prefer this to be a scam wick (20-50%) rather than getting filled after a slow bleed.
Trade active
Reaction right from 0.169. My limit order didn't fill so I'm just watching closely.Order cancelled
Didn't take the trade after failing to fill. Will wait for a reclaim of the monthly level.
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