Looking for a good entry on Mir/usdt a Pump incoming signal printed on the daily, local support around 2.86 but it tends to wick.
will ladder in some longs between 2.90 and 2.70
Will place a sell order for half to 2/3s the position at 3.25 anticipating a wick upward....
IF
1A) A wick happens and takes out my sell order at 3.25 in the short term,
THEN
1B)I will take that and buy back in lower below $3.00 to build up more of the position and DCA down my entry prices... I will take the scalped profit from these wick sells and set aside for long term alt rally of 2 to 3X
HOWEVER IF
2A)the price does not quick wick to that entry but slowly and gradually builds toward that price .
THEN
2B) I will only sell 25% of position at 3.25 and move remaining of the position sell up to 3.75 or 3.8 and hope for a wick there to then rebuy back lower
Repeat Ifs and thens, till out of MIR to sell
will ladder in some longs between 2.90 and 2.70
Will place a sell order for half to 2/3s the position at 3.25 anticipating a wick upward....
IF
1A) A wick happens and takes out my sell order at 3.25 in the short term,
THEN
1B)I will take that and buy back in lower below $3.00 to build up more of the position and DCA down my entry prices... I will take the scalped profit from these wick sells and set aside for long term alt rally of 2 to 3X
HOWEVER IF
2A)the price does not quick wick to that entry but slowly and gradually builds toward that price .
THEN
2B) I will only sell 25% of position at 3.25 and move remaining of the position sell up to 3.75 or 3.8 and hope for a wick there to then rebuy back lower
Repeat Ifs and thens, till out of MIR to sell