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HustleGrindMomentum
Jan 23, 2022 5:35 PM

small position with cost average if eth rejected Long

Sushi / USDFTX

Description

As for the current market conditions, I truly believe this down trend is not done. My theory is we see some choppy sideways eth action as alts start to recover and eth climbs back to 28 or even 3k. then eth rejection and a drag out bare knuckle boxing match down to eth 2000-2300 range alts will follow and see worse losses then eth n btc if this theory does play out.

How mush more downside here.... tuff to tell but sushi below 5usd is very hard to not buy_ I would be ok with taking a small position here and a bigger one if eth can break through tha 2800 3k range. If rejected which looks more likely look to get out for a sec or a heavy cost average into your alt picks as this market esp alts die this week/Friday fed meeting will be the tell all here
Comments
HustleGrindMomentum
when i say small position I mean small. this is not over yet. some scalp pumps up coming this week but good luck timing this ya all. My personal goal is to get eth as close to 2k as possible while scooping some small alt positions and cost average or buy heavy if and when we pump again after all this red
HustleGrindMomentum
3.50 sushi got to be the bottom bottom here if worst case_ alts die that bad after an eth rejection around 2800
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