SHRAP Main Trend Play. Twitter 0.44 million. Reversal Zone 08 25Logarithm. Time frame 1 week. Reductions from the maximum distribution (listing, advertising, marketing) by -99%. Faith in the project is completely killed by the previous “investors”. Descending channel, transition to a sideways trend. Potential for a breakthrough of the descending channel and a reversal of the main trend, or the formation of a sideways accumulation and then an exit.
Trader tactics + money management.
1️⃣A certain amount of the deposit is allocated (5-20% depending on your money management and the risk you agree with) for such low-liquidity cryptocurrencies, but with a high potential for price growth in %.
2️⃣ Then 5-10% of this amount is allocated (depending on how many instruments you have in the group) — for the crypto wrapper itself. You should not buy for the entire amount. But, this is the zone of the conditional “bottom”, after which there is a reversal of the trend as a whole or a scam project.
1️⃣ In fact, you can buy at the market (leave some of the limit orders, in case there is a knockout).
2️⃣ or on a breakout of the reversal zone (will be considered your first entry) + diversification limit orders in case of a knockout (under the minimums). But, in general, from the position of the main trend, the price is now acceptable, even by the market.
They will turn it around and pump it up to the previous zone, -90%. That is, all the previous “investors” will “pass by”. However, everything is as usual...
Risk control and money management.
Cryptocurrencies of such liquidity and capitalization below 1000 are high risk (they have little money for advertising and promotion, which is projected onto the price and place of capitalization). But, because of this liquidity (slippage, low real demand/supply with an excess of manipulative demand/supply from the creators, at the right moment they can significantly pump up the bistro by a large percentage, unlike TOP projects, which is impossible. That is, a disadvantage, at a good time, can become an abundance from patient traders or investors. But, you need to remember that often such projects scam, as the money runs out to support the project, especially in protracted bearish periods. Here, asset diversification (10-15 similar wrappers), risk control and banal mathematics win. If you do not have all this, and you are "on the whole cutlet", then it is better not to get involved with such high-risk cryptocurrencies and, as a result, high earning potential, but in %.
Due to low liquidity and, as a result, a large unpredictable slippage, — only spot , no futures or margin. But, these are obvious things.
What this is it . SHRAPNEL is a first-person shooter with elements of evacuation, in which you will fight as a MEF (Mercenary Extraction Force) operator. The SHRAPNEL team consists of experts in the AAA games and blockchain projects industries. We are designers, producers, artists and programmers working at the intersection of games and innovation. Together, we have created some of the largest gaming franchises in the world (Bioshock, Ghost of Tsushima, Halo, Star Wars and others). The team's management has received numerous awards and nominations for their previous work, and SHRAPNEL has already won six industry awards.
A game on the blockchain. When the game was released, they “screwed” a crypto wrapper, naturally, for making money out of nothing. This is essentially good in the long term. But, before the -90% zone, you should get rid of it, at least most of the position.
Twitter: 4.41 million subscribers and bots (potential buyers during the "rebirth of faith"). This is very ok.
The probability of a scam is minimal, since the game is real, and there are a huge number of users. Which are in vain not to use and send advertising in the alt season during the "revival of faith". Interest on such low-liquidity crypto wrappers and with a huge number of potential buyers are significant.
Traded on such exchanges by liquidity:
1️⃣ Top exchanges — 2
2️⃣ Average liquidity — 3
3️⃣ Low-liquidity junk and DEX — 8 (completely ignoring you).
🟣 Locally.
Price slippage by a huge % (which does not affect the trend)
up/down due to liquidity, at will
From these probabilities you should build your
local tactics (stops are meaningless here)
Use this potential volatility,
and do not be afraid (if you work only medium-term or long-term, then you can ignore it).
Shrapnel
SHRAPNEL easy x2 in short term On my chart you can see that price found support level after 2 months pullback and now we see reaction. Also I see divergence on h4 timeframe. Price left liquidity compression with red OB and Imbalance , at first I want to see price going to red block and next making ATH. How higher it can go I don't know, but I know that big venture Polychain Capital supports the project, it is the first blockchain multiplayer shooter with 8% circulating supply, I think it may pump easily.
SHRAP trying to break above weekly OBShrapnel is the first AAA FPS in web3 with an outstanding US-based team and strong community.
Update on SHRAP - it's been recovering nicely after a 60% retrace, and now is trying to break about the weekly order block previously set on it's initial run up, clearly helped by AVAX's recent pump.
SHRAP may encounter resistance here and retrace before it pushes above this significant level. If/when it does, expect ATH / price discovery soon after.
Happy Trades,
CD
