Unless you KNOW it's going to tank, stay strong friendos. Look at what it's sitting on. If you must sleep, well, ETH has a nasty habit of some of the largest long stop runs I've ever seen in crypto, considering the MCAP. So, maybe no size until a confirmation or a double bottom. Yes, I'm saying either don't trade, or don't sleep, hand curate this trade until it's confirmed, and don't use a stop. No financial advice. I am fortunate at this moment to be able to mouth breath at a screen. Anyways, this is a trade i'm taking. Muchly upside potential. Humor aside, as always, any guidance or correction, suggestion, critique deeply welcomed.
alternatively:
- stop at .0598 - take partial profit at .064 - partial at .067 - partial at .071
-- OR --
if we are getting bullish for real, don't touch this entry.
Thanks for looking and helping me grow!
** EDIT ** this chart was done hastily and I think the stop is not accurate. If you didn't know that, take it as a good time to learn risk management concepts, aspects and never listen to an semi-autist 40 year old jazz musician who never sleeps.
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Good thing we set the stop, in this case.
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coming back to mouth breathe at the shear unnaturalness of that RSI. That was one of the most brutal coin rapes I've seen in crypto. It was very convenient for Arthur to introduce a leveraged ETH instrument, tweet to the world that Ethereum is a massive piece of shit, and then ETH gets relentlessly crushed on Bitmex. Or rather, shorts made a killing. Be careful believing the "trade to zero" narratives. bankers don't slaughter their cash cow.
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eth brutally dumped over and over. no need for analysis anymore. if you are still alive and want to speculate OR believe in crypto currency, it's obviously time to buy. even if it heads further south to 135-160 whatever. or, just keep buying stock. either way, you are buying something whose value is manipulated so why not just admit that you don't care about what it is, you care how it fattens your account? man what brutal dumps. the eth long then short was maybe the trade of the decade.
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turns out this ethpocalypse was just what i needed to get my shorting chops together - not without some brutal rape sequences mind you - but i'm still here.
turns out this ethpocalypse was just what i needed to get my shorting chops together - not without some brutal rape sequences mind you - but i'm still here.
bright_infinite
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Tanked! and this is why stop loss. I don't care for stop losses because i like to hand curate my trades. I also prefer to be very sure about my trades . not using a stop requires a level of personal commitment and pre-work that will keep me out of far more trades than I enter. and all that really just means that I work harder and learn more. but yeahh, this was a stop loss situation.