Since airdrop season started in August 2023, SOL has been outperforming ETH and other majors and the Solana ecosystem took off with PYTH, JUP and other airdrops and memecoins since.
STEP has been performing well against all the majors with exception to BONK during the time period
Expecting returning back above 0.08 soon STEPUSD
Going against my better judgement here, ignoring history for a volume based trade. So many PM’s telling me volume is the better play than history since the recent history based idea on SENSO. As many of you may know I favour chart history over trading volume by a country mile. So much more information is conveyed in a year of data than a month.
Translated, that...
Setup: Step has consistently been making all time lows and recently, it broke its swing low again. In this sort of bearish market scenario, weak altcoins are going to get wrecked and Step seems to be one of them. To make things even sweeter, Step actually has a positive funding rate. This allows for us to get some additional yield on our shorts
Entry: 0.0287
SL/...
STEP 2H support is now at ~$0.075
Enter 50% at the current price
and try to set some buy orders near the support zone
If STEP holds above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
Buying a coin simply because its market price has fallen is not a good strategy; instead, focus on buying coins at a reasonable price that has potential products people like.
Market never dies
Target on STEP: $0.0005
Setup: Step seems like it is breaking down from the range. Furthermore, BTC is looking weak as well, adding confluence to the trade
Entry: 0.161( 1 ATR below the range)
TP: 0.1135 or ride the trend
SL: trail using 1 ATR above the 9 EMA
After closing earlier trades, I jumped back in at 0.25 for a scalp to 0.34-0.40, but this setup is entirely different.
Not sure if it comes after or before another high, but:
- Looking at where I think BTC and SOL are going in the following weeks/months,
- How terrible the SOL ecosystem has been performing for weeks
- Assets like COPE, Tulip, Mango taking the...
Experimenting with Gann Squares.
- Correlations seem interesting
- Lot of Alts ripped to the upside last year in Jan after correction. Same thing about to happen?
- Price action reminds me of SUSHI
- Supply + marketcap + rank #600ish = lots of room for bull run
- Product itself is not revolutionary but it's clearly in a winning team (SOL, SAM)
No financial advice
Setup: Step broke out of its all time low and is on a downtrend, respecting the 8 ema
Entry: 0.1195
SL/TP : Trail 1 Atr above the 8 EMA ( currently at 0.1458)
Looking good, same as the rest of the market at the moment.
Looking for this move, very similar to bitcoin.
There is even more upside later. but Lets focus on the local areas first.
Normally once i bought the coin I tend to hold to its TF.DAY target
I dont get in/out ,it's difficult management if one holds many coins
but i'll have to practise this to trade Future contract. . it's my next year mission <3
Let's practice and get better!
.
Feel free to comment/feedback :)
Life's learning
An alternative strategy for STEP
See Idea 1 if you're interested.
Simply playing the local time pivot on Dec 15.
Dec 16 is meant to be a pivot for BTC. ATL breakout retest, 3D supertrend, 80%+ retrace, 1W & 3D FMV Gaps. Lots of HTF confluence for a potentially massive run. I'll take it.
I will scale in slowly if the price comes to my interest zone within the...
I'm not an EW expert and I only use it to understand HTF direction, so the count could definitely be wrong.
Having said that, there is a good confluence to say the bottom is in or almost there:
- Fibtime
- 1:1 extension for a 5 wave down for C leg (4 is overlaping 1 so this is most likely wrong, but it's crypto...)
- 1:1 extension for ABC
- Horizontal 3D support...
