#pons hit the upper rail of the channel yesterday but didn't break upward; instead, it plunged back down into the channel and continued making new lows. $PONS There are coins with market makers operating through the winter, and they usually won't stop until they've shaken out several layers of holders. If you're bullish on PONS and want to add to your position, I recommend waiting until the weekly chart holds above the previous low and stabilizes before adding. If you're bearish on PONS's prospects and the development of the RH chain, you can cut your losses and exit at any time. Most of yesterday's poll respondents who suggested that PONS would fall to 0.1 should short PONS to earn a profit. Anyone who doesn't trade live but keeps sarcastically calling for it to go to zero will be blocked. I'll continue with my bear-market accumulation plan. Yesterday I added several thousand U to my futures and spot positions, and used 6000U to set up a new PONS liquidity pool, with an upper limit of 0.36 and a lower limit of 0.23. 0.23 is where the lower rail of the descending channel sits. I'll watch to see if it falls to this support level in the near term; if it does, I'll pull the liquidity and take the PONS.
#marscoin also broke below the previous low of 0.08 yesterday. As planned, I added to my position when it fell to the previous low, investing a total of 3000U. #Stonk had a sharp rebound yesterday, but ultimately got dragged down by the market's plunge. I also added several thousand U to my position yesterday.
These days, whenever #BTC takes a dive intraday, the coins I hold plunge. With this slow bleed, I really hope Bitcoin has a deleveraging-driven crash that gets it all over with in one go. I expect the year-end deleveraging range for $BTC to be 70,000–72,000. If there's a chance of a sharp deleveraging-driven crash this month, I'm prepared to go all in and build my full bear-market position. For now, I'm still accumulating coins bit by bit on dips each day, while keeping some funds aside for the deleveraging event.
#marscoin also broke below the previous low of 0.08 yesterday. As planned, I added to my position when it fell to the previous low, investing a total of 3000U. #Stonk had a sharp rebound yesterday, but ultimately got dragged down by the market's plunge. I also added several thousand U to my position yesterday.
These days, whenever #BTC takes a dive intraday, the coins I hold plunge. With this slow bleed, I really hope Bitcoin has a deleveraging-driven crash that gets it all over with in one go. I expect the year-end deleveraging range for $BTC to be 70,000–72,000. If there's a chance of a sharp deleveraging-driven crash this month, I'm prepared to go all in and build my full bear-market position. For now, I'm still accumulating coins bit by bit on dips each day, while keeping some funds aside for the deleveraging event.