SpartaBTC

FLOKI/USDT Secondary trend 1 reset zone. Pivot zones 08 2023

SpartaBTC Updated   
POLONIEX:FLOKIUSDT   Floki Inu / Tether USD
Logarithm. Time frame of 3 days. Secondary trend. 1 reset zone after pumping up about +1000% from accumulation zone. A wedge is forming. Pivot zones and logic on the chart.


Meme crypto wrapper. It has no value or utility, only speculative interest. Mimicry of DOGE. If Ilon Musk's DOGE will be pumped, in all likelihood this phantom will be pumped as well.

This idea is a continuation of the previous idea published on 1 11 2022 in the active phase of cryptocurrency recruitment before pumping almost +1000% (average +370%) after a while.

FLOKI/USDT "Football MEM". Elon Musk. Main trend.

Cycles. An accumulation phase and a reset phase.

Remember that if there is accumulation, those big players in the market who have accumulated will dump it at another higher price. You have to wait for this to happen. Typically, most people have a "impatience" attitude. And the more stupid a person is, the more vividly it manifests itself. Buying cryptocurrency, they immediately think to get a big profit, not realizing that markets succumb to cycles, no one from the position of rationality will increase the price of cryptocurrency in a bear market phase.

Therefore, in established zones where the big market players are gaining ground, buying at any price is not such a scary thing. But, a properly chosen entry point and a low average price is a guarantee of good profits.


Cryptocurrencies with low capitalization. Liquidity and volatility. Risk management

Low liquidity. Consequently, you can do anything with the price - from super pumping to super dumping. The chart is a testament to this. Stop losses are useless in such cases because of the same liquidity and, consequently, excessive volatility before trend reversals (bullish/bearish, it doesn't matter). For example, a stop loss (zone entry) under dynamic triangle support before a trend reversal and pumping almost +1000% is about -14%. I believe it is irrational to use such long stops from a risk management position. This applies to local trading as well.


Tactics of working with such cryptocurrencies. Mani management. Psychology

Consequently, it is rational to work only from the average set/reset price and not to be greedy. It is clear that you will not see inadequate profit percentages of 1000% and so on, which are so nice to the "hamster's eye", but 40-60% of the average pampa movement you can take away constantly and are not afraid of any inadequate draw downs. No matter how the trend develops, it is neither cold nor hot for you, any movement is profitable for you. The main thing is that the wrapper did not disappear with the ends, I think it is inevitable, but not now.

It is desirable, if working with such low liquid and at the same time high HYIP cryptocurrencies, to work in groups of 5-10 cryptocurrencies. Consequently, the disappearance of one cryptocurrency at the expense of profits (earlier, now or in the future) from others does not reflect extremely negatively on the allocated deposit for trading such. I would like to note that from the total deposit the amount for trading similar should not exceed 5-10% of the total deposit according to your mani-management. As for me, 10% is a lot.

It is very important, from each profit to withdraw from the group 50-60%, as long as you work only from profit. That is, all invested money “body” in crypto garbage should be withdrawn.

Don't be greedy. Every time you pump one of the group's phantoms, be sure to withdraw all profits, do not collect something that is worth nothing. Sell in installments. In the phase of active pumping grid, orders to sell + stops to protect profits.

Such cryptophantoms, as a rule, merge at 100% of the price of the beginning of the pampa, i.e. the breakout zone. Predicting the minimum or maximum is extremely difficult due to the “manual influence on the price” by the creators of the phantom. Their selling at any price is profit from “nothing”, always keep that in mind. But in order to sell something that is worth nothing, you need to make interest for traders, that is, volatility For investors—"pour water in their ears", that is, suggestion about the exceptional value of another crypto trash.

It is important to initially monitor your mani-management and correctly allocate funds in case the cryptocurrency enters one or another expected zone of set or reset, even if you, for some reason, do not believe it.

Major trend. Time frame 1 week.

FLOKI Main trend High risk=high return 08 23


Comment:
This is how this meme crypto wrapper looks at the moment on a line chart.

Comment:
Wedge has formed. From the support 1676 reversal. The price broke the formation itself. From this important level is now +90%. Potential on such coins of low liquidity and a huge amount of stupid money (HYIP) - mirrors their risk. It is rational to fix in parts before resistance levels and not to be greedy.
Comment:
Trade closed: target reached:
+817% c breaking the reversal level (yellow color) 0,.....265 From breaking the resistance of the descending wedge (secondary trend) more than +1300% ! Reached the zone of 0,00026082 level. This is almost the beginning of the highs zone of the huge expanding pump triangle. Not enough for you? No alt season? Protecting profits, exiting on the market or waiting for more ?

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