This is NOT a trade. This is intended for spot entries if you are looking for longer term holding investment
-We have now long consolidated above previous pivot points and above the values where most volume was prior to the moonshot to 4k.
-We are now nearly out of this new range (Green circled volume profile).
-By breaking 2.8k with confidence there stands nothing until at least 3.2k (Between arrowed red lines volume profile) I'd say a relatively safe and easy entry to step into the market with spot buys.
-Only a sudden black swan event would take the market to lower lows into the range where a lot of volume was traded previously. (Under the circled volume profile)
-We have now long consolidated above previous pivot points and above the values where most volume was prior to the moonshot to 4k.
-We are now nearly out of this new range (Green circled volume profile).
-By breaking 2.8k with confidence there stands nothing until at least 3.2k (Between arrowed red lines volume profile) I'd say a relatively safe and easy entry to step into the market with spot buys.
-Only a sudden black swan event would take the market to lower lows into the range where a lot of volume was traded previously. (Under the circled volume profile)
Order cancelled:
Price as of writing = 2814
2.8k is broken on low volume. Reaching up to 2870-2890
Hedging short until more volume starts kicking in on pumps is one of the better moves right now
2.8k is broken on low volume. Reaching up to 2870-2890
Hedging short until more volume starts kicking in on pumps is one of the better moves right now
Trade active:
Price as of writing = 2698
From here on we reset and start looking for longs and exit our short hedge once the volume kicks in on pumps. By having hedged, we now have practically a better entry (2814-2608=100usd) even though we had already entered spot 2.7k previously.
From here on we reset and start looking for longs and exit our short hedge once the volume kicks in on pumps. By having hedged, we now have practically a better entry (2814-2608=100usd) even though we had already entered spot 2.7k previously.