Mock Up Price Action for GATEIO:BONKUSDT / BINANCE:1000BONKUSDT.P | Near Term (30MIN) - Watching and waiting for opportunity to enter short - Adjusted my short entry price much higher - It's foolish to chase, not taking any chances with this one - If it hits, awesome, high profit potential, lower risk - If it doesn't hit, awesome, no profit, no risk - The market will provide more opportunities
NOTE: I'm more pessimistic and cautious than most. I know it's unpopular to be screaming short, when everything is long and the market is bullish. But to me... Nothing goes up for 2-3 months this high, this hard, this fast, without a measured swing in the other direction. The ONLY project besides my long term holdings that I am investing in right now are those hidden gems undervalued ones that haven't had their turn yet. My overwhelmingly top pick being, OKX:CSPRUSDT by a mile. Of which I've been heavily accumulating over the past 6 months and I believe it is due a nice run impending. As this recovery cycle money flows from BTC to then ETH to then Large/Mid Cap Alts before finally Small/Micro Cap Alts.. Timing wise, CSPR is due.
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INVERSE OF BONK
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My Short Trade Setup is Inspired by these little fun moments
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Still got some left in the time fib
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Welp, SOL decided to wake up. Figure its just a matter of time if SOL stays bullish in short term, before this one makes a final move.
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Adjusted price points higher. Waiting for that super bullish pump marked by multi HTF RSI values >99.5.
So are you long for now until you get up there or you just waiting for limits to fill? The problem is the huge "M" that formed so far. You see one rolling arch then a second rolling arch that grazes the support of previous arch. And now you get this sell off. Some buyers are coming back in as sellers are exhausted. I'm not so sure we make it up that high to stagger those limits you want filled. This may be more bearish than you thought. TIme will tell. Thanks for sharing!
Trevictus
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@robbynelson3, I actually kind of hate coins like this. I would never buy and invest in it in a million years TBH. If it dies and goes to dirt right now, I'd be just as happy. Would certainly never long it myself here or ever, but, I like to imagine what kind of crazy price action and seemingly impossible prices that could be reached as a result of high manipulation and pure speculation and hype. And so as I find ones like this that meet that criteria, I monitor and plot out impossible levels that would only be hit if market manipulation stop hunting and cascading mass liquidations were to play out, as we've seen time and time again at various points, and if I can make a play off of that assumption, and should my impossible prices be hit and orders triggered, max profit opportunity for me. If they don't hit, then oh well, no love lost there, and more importantly, no money lost there either.