๐ฅ Here we go - Short $HOME Type of trade: Funding, whipsaw
โข Entry: $0.00690 - $0.00700 โข TP: 0.006701 - 0.006300 โข DCA: None โข SL: Hold for now โข Risk: 4/10 ๐ข (temporarily okay) โข VOL: 15-20% vol $ETH or max 5K
Brothers, when following this setup, note 2 profit-taking scenarios: 1. If you want a quick profit, take profit at TP1 at 0.0067 2. You can also let the TP run to wait for TP2 at 0.0063 - 64
So where to take profit depends on what VOL and leverage youโre using, guys! Remember: taking profitโnever wrong!
Total loss is around $2,200 alreadyโabout 60kโand Iโm starting to feel tired and have no appetite; I donโt want to do anything. The motivation for us to keep holding on to the value $BTC so that it will get discounted tonight: 1. $XAU - Gold
Thereโs room for a 20โ40 point price drop (0.5โ1%). So Bitcoin could drop 1,000โ2,000 points based on the Gold price 2. $ETH - Absorb VOL
Ethereum is absorbing all of the marketโs momentum. Bitcoin will probably move sideways (up then down, down then rebound). So that it can make room for the more lively Altcoins 3. Bitcoin itself has already had a pretty big upswing. The rate of decrease will be more than the rate of further increase
Keep it up, brothers. The money will be back in your pockets soon enough