$ORDI has turned me round again, and this time I'm the long.
Last time I said I wanted it on the right side of its stop into the close. It pushed back above the level instead, so here we are on the other side.
Long at around 4.65, invalidation 4.52, 0.7% of the account at risk.
What makes this worth taking is how quiet the positioning is. Price is flat on the week, not quite four days on from the 4.41 low, and perps are paying 0.005%. A recovery off the low that nobody is leaning into is the kind I'd rather be with than against.
Greed at 73 is why the size stays where it is. Warm mood, middling price, so I keep it small and let the stop do the arguing.
I want it above 4.52 into the close. If it gives that back, I'm out the same day, same as always.
Small size, one level, no opinion beyond it.
Last time I said I wanted it on the right side of its stop into the close. It pushed back above the level instead, so here we are on the other side.
Long at around 4.65, invalidation 4.52, 0.7% of the account at risk.
What makes this worth taking is how quiet the positioning is. Price is flat on the week, not quite four days on from the 4.41 low, and perps are paying 0.005%. A recovery off the low that nobody is leaning into is the kind I'd rather be with than against.
Greed at 73 is why the size stays where it is. Warm mood, middling price, so I keep it small and let the stop do the arguing.
I want it above 4.52 into the close. If it gives that back, I'm out the same day, same as always.
Small size, one level, no opinion beyond it.
