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BrandonrG
Oct 26, 2020 12:15 AM

10.25.20 SXP Long

SXP / US DollarBinance

Description

This one is prob going to go on sale even further. I'm doing my best trying to buy as much as i possibly can to finish off my slate card. Sub dollar would be AMAZING. If we go below a dollar i will have to pull out all the stops and do whatever i can to get as many as possible. I really believe in the long term. We are in an accumulation range for all alts. The easiest way to even out the bleeding is to just dollar cost average. I mean look back to last year and see how far up these alts are from the same exact place last year. You'll be shocked to see at least 100 percent gains. Alts went straight parabolic and at minimum needed to burn off 50 percent gains but in crypto land 90 percent retrace are common and are exactly where you want to start to enter and build up.

Comment

downside targets
80 and 60 cents. again this is a HARD buy in this area. No matter where it goes lower. It's already in the deep retrace VALUE areas. Instead of crying about, ppl should be buying more now and lowering there entry by buying every week or two or month. I may have to take a crypto loan out soon and really go all in :)
Comments
without_worries
If 60 cents does not hold the next support is 16 cents and below. If it does fall to those levels a period of consolidation will follow before any uptrend - this will be months away.

There's better opportunities out there.
BrandonrG
@without_worries, you play your game. Ill play mine. If we hit 16 cents i will be the happiest mfer in existence
without_worries
@BrandonGallegos, Me too @ 16 - been leveraged short since $3!
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