$IDOL - LONG bias (x10)
0.0094%. That is not cheap.
Longs are paying shorts to hold $IDOL open, so being long costs money every day. That is why my interest is cautious even with the short-term buy trigger lined up. Price already sits in the entry zone, but the stop is 12.8% out - a wide ride if it turns.
What would make you look past longs paying to hold this?
Setup:
Entry: 0.0148–0.0151
TP1: 0.017
TP2: 0.019
TP3: 0.021
SL: 0.013
Wide stop here, 12.8% away. Sized so that loss stays boring, or not at all.
⚠️ Personal market insight, not investment advice. DYOR.
0.0094%. That is not cheap.
Longs are paying shorts to hold $IDOL open, so being long costs money every day. That is why my interest is cautious even with the short-term buy trigger lined up. Price already sits in the entry zone, but the stop is 12.8% out - a wide ride if it turns.
What would make you look past longs paying to hold this?
Setup:
Entry: 0.0148–0.0151
TP1: 0.017
TP2: 0.019
TP3: 0.021
SL: 0.013
Wide stop here, 12.8% away. Sized so that loss stays boring, or not at all.
⚠️ Personal market insight, not investment advice. DYOR.
