FLOKI/USDT
🟢entry: $0.00002467- $0.00002267
❌stoploss: $0.00001749
🎯tp1: $0.00004066- $0.00004291
🎯tp2: to be determined as price action develops after listing
🔼potential %profit: +76.51%
🔽potential %loss: -26.11%
r/r: 2.93
🐹Bybit is currently holding a public vote to determine which of 5 coins will be listed on their exchange next.
🐹Based on early polling and social media sentiment, it appears highly probable that FLOKI will win the listing.
🐹Additionally, the FLOKI market on Huobi is showing significant increased and sustained trading volumes through the month of April, indicating large scale accumulation.
🐹Based on this information, I am entering an event-driven long trade in FLOKI.
🐹This a not a type of trade that I take frequently, so I am going to buy this coin on spot and use a wider stop-loss and take-profit. I consider this trade to be riskier than average.
🐹Price is right at a previous demand zone, so I am entering at/near market and up to 10% below market price.
🐹I will take-profit on half the position at the identified previous resistance zone.
🐹Stop-loss is arbitrary and solely based on my particular risk tolerance for this trade.
check back for updates as the position progresses.
feedback and constructive criticism is always appreciated.
✌️all good luck and always practice strict risk management!
🟢entry: $0.00002467- $0.00002267
❌stoploss: $0.00001749
🎯tp1: $0.00004066- $0.00004291
🎯tp2: to be determined as price action develops after listing
🔼potential %profit: +76.51%
🔽potential %loss: -26.11%
r/r: 2.93
🐹Bybit is currently holding a public vote to determine which of 5 coins will be listed on their exchange next.
🐹Based on early polling and social media sentiment, it appears highly probable that FLOKI will win the listing.
🐹Additionally, the FLOKI market on Huobi is showing significant increased and sustained trading volumes through the month of April, indicating large scale accumulation.
🐹Based on this information, I am entering an event-driven long trade in FLOKI.
🐹This a not a type of trade that I take frequently, so I am going to buy this coin on spot and use a wider stop-loss and take-profit. I consider this trade to be riskier than average.
🐹Price is right at a previous demand zone, so I am entering at/near market and up to 10% below market price.
🐹I will take-profit on half the position at the identified previous resistance zone.
🐹Stop-loss is arbitrary and solely based on my particular risk tolerance for this trade.
check back for updates as the position progresses.
feedback and constructive criticism is always appreciated.
✌️all good luck and always practice strict risk management!
Trade closed: stop reached:
floki did not win the listing; stopped out for loss.