Just be patient ..using wicks to get set on the long side. Light volume on upside pushes..so no need to get excited.
Once again patience and buying at limit prices is key here. Celing becomes a floor is the trade hupothesis to test.
Two bar reversal set-up..weak volume however. Validate support for a long trade. - beta play SP50 - covid vacine - growth (fiscal support)
When faced with binary outcomes then bet small and just hold. Downside is easy to understand...won't be zero, and upside potentially large. Even if the stock meanders sideways waiting for more re-structure news and earnings coming up...or the squeeze....it's a nice bet. Ps..never short a dull market!!
If you can lose comfortably buying a lotto ticket then go long a small stake. Earnings coming up!! Its going to be binary.... And..so..like a lotto just put a few bucks in the game..payoff either squeeze that's not sqoze or a growth stock with a re-opening economy...its not bad risk reward 😃
Its not a 'bubble' or 'hyper' inflation. Just fiscal and a growth environment. Use lines on closing prices to determine 'price over time' for obvious key areas and candles wicks for your limit longs placement... Trade on the edge of the order book!
No new money flowing into doge seems the current state... just those Hodl'ers. Dilution factor against the coin.... Decision time coming up ...risk-reward and impulse driving factors (including tweets) are clear. Check-out relative value trades against other cryptos as a timing tool.
Be aware of the cost of roll premium...HODL doesn't apply! In this game its about 'timing the market', not 'time in the market'
You dont want to caught long with a vost of carry or roll premium against you! No investment here. Your timing spikes... Being short is not a short cut to wealth..so be aware of the risks and understand the product you are trading!
Buy on pull back. Market over reacting..no 'hyper' inflation. Fiscal support still strong.. So..... Burry your FUD !
Just manage that YOLO - FOMO ratio :) No need to rush in currently.
Commodity trade by another means! Just work in a long position with fundamentals. p.s. Check-out the closing price line chart for line placement -
The FOMO / YOLO ratio.....be like......parabolic 🤣😂😂 Wait for the paranolic to pull back before getting some weed. No need for FOMO on parabolics..usually plenty of room for long break-out trades at lower prices.
Flags signify breakout potential opportunities...or pethaps..this only works after the break-out (selection bias?) Either way..risk-reward are easy to identify and place. The real question. ..how high can an upside be with so much daily dilution? Yolo be like:..How many tweets does Elon need to make before the 'new' believers lift the offer? 🤣🤣🤣
Follow actions and trade short term the "Muses" Tweets! BTC/USD as a speculative asset class is marked to market to the USD....dah!!@ So, BTC/USD = short DXY + Long BTC + Long crypto hype.
Just be careful not to get too long the Doge'ma! If you have a fixed supply of BTC vs an increasing supply of Doge...expect mean reversion! Short spec but long term dilution is a very real issue.