Trading idea for the next 7 days.
P I X E L ( Have to space it out or binance tag it)
This is only for my followers i dont want to tag this.
I think shorting P I X E L now offers a good LOW LEVERAGE trade for the next 7 days.
I dont see anything major next week that will drastically influence crypto price to the upside.
The only Black swan i see is E T H ETF final approval.
P i x e l has a fairly large cliff unlock coming in under 7 days.
Please see attached images to show how price reacted in the days leading up to the last unlock (19th June 2024)
The coming unlock is exactly the same size and with the same allocations.
Prices have fallen a lot on crypto but projects like P I X E L , in my opinion, are fomo projects, i dont see high volume fomo returning in the next week.
My position.
Short - 0.187
Leverage 3x
SL 0.205
* You might find entries at 0.19-0.20 over the weekend with lower volume*
*Set a SL you are comfortable with, my SL is wide because my leverage and margin is SUPER low*
If price falls you can take profit where you want, im looking for 0.16 as a first target.
Please dont high leverage this, it is a shitcoin and this is just a trade idea, i dont have HIGH confidence in any short term trades in crypto at the moment.
Please i must be clear, this is low leverage, 1 week trade, and i am using a very small % of my funds allocated to this.
I dont really like to share my trade ideas because it honestly gives me anxiety, at the same time i want to help retail traders where i can with more than just macro news, just please trade responsibly.
Please dont treat this like a sure thing, crypto is very volatile at the moment, also i dont have deep insight into this project.
Update re XAI post,
I updated my XAI post via pinned comment, it has fallen by 9% from my entry price i posted, if you followed you are in profit, i have SL in profit and am looking for 0.3-0.26 as exit, how you trade it from here is up to you, if you are sensible you should have an only profit position from here🤙
Have a wonderful weekend.
Peace.
#TheWolfThatWins