MysteriousPersian

catch the dead cat

Long
MysteriousPersian Updated   
BINANCE:HIFIUSDT   HIFI / TetherUS
Nice slow down after this coin cratered following the introduction of futures on binance (surprise surprise). Catching a falling knife is never a good idea but if the timing is right, great gains can be secured in a very short time frame.

Dont trade with more than you can afford to lose and dont get greedy. This could just as easily eep slumping to the downside without a bounce back but the odds are good for at least a 50% retrace to 1.2-1.5$.
Trade closed: stop reached:
Not looking good for this trade, cut early to see if another entry might be possible but this is looking to trend even lower still after a short pause.
Comment:
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