Nice pump today from our favorite unprofitable pump & dump that happens to be an nft company based out of hong kong . . . aka TKAT.
1.65 appears to be the generational bottom that a few intellectual (lucky) interns managed to buy at.
Now that we have pumped, the only question that remains is where do we dump?
I think there are 3 potential for TKAT looking towards the end of august; all of these scenarios involve testing support at $2.00.
Orange: Test support at $2.00, push back to 2.09-2.15, and then end up dumping back to 1.65 support by the end of august.
Yellow: test support at $2.00 twice, then push higher to 2.25-2.30 where it consolidates till the end of August.
Purple: Test support briefly at $2.00, then send upwards and test 2.40 and 2.55 by the end of August. Most bullish scenario but low likelihood.
TLDR: Sell 50% of position in 2.09-2.16 range, limit sell 20% of position @ 2.25, limit sell 10% of position at 2.40, limit sell 10% of position at 2.55, and hold the remaining 10% for the ath of 70/share.
1.65 appears to be the generational bottom that a few intellectual (lucky) interns managed to buy at.
Now that we have pumped, the only question that remains is where do we dump?
I think there are 3 potential for TKAT looking towards the end of august; all of these scenarios involve testing support at $2.00.
Orange: Test support at $2.00, push back to 2.09-2.15, and then end up dumping back to 1.65 support by the end of august.
Yellow: test support at $2.00 twice, then push higher to 2.25-2.30 where it consolidates till the end of August.
Purple: Test support briefly at $2.00, then send upwards and test 2.40 and 2.55 by the end of August. Most bullish scenario but low likelihood.
TLDR: Sell 50% of position in 2.09-2.16 range, limit sell 20% of position @ 2.25, limit sell 10% of position at 2.40, limit sell 10% of position at 2.55, and hold the remaining 10% for the ath of 70/share.