Morning tradies!
Binance just screwed me! Got into a few big trades without stopping to check that maintenance warning :( , the thing said maintenance on spot trading, i took that as the price ticker of your account, not ALL TRADING. #MorningBrain
I had a VERY weak lower trend line drawn with the first bounce BTC took after its dump, i figured we could see a bounce here. BTC fell down below it but it definitely was treated as a potential place to bounce on a few time frames. Then binance went black. Right now we have a fascinating situation where Binance beingg the no1 exchange, with actually 2 o the top 10 exchanges by volumes (with Binance.US), could them coming back online PUMP the price in.. roughly 30 mins from this posting?
Either way, there is a HIGH RISK, for me VERY HIGH RISK (why the fruit am i in this trade sigh!) opportunity to trade here guessing the bottom and bounce off a weak trend line.
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TRADE OPPORTUNITY
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BUY: 0.3600
TARGET: 0.4200
STOP: 0.3420
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Fundamentals
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Rank #41
Market Cap = $3.18 billion
Ecosystem platorm for big business (booooo)
Top tier project (apparently)
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Binance just screwed me! Got into a few big trades without stopping to check that maintenance warning :( , the thing said maintenance on spot trading, i took that as the price ticker of your account, not ALL TRADING. #MorningBrain
I had a VERY weak lower trend line drawn with the first bounce BTC took after its dump, i figured we could see a bounce here. BTC fell down below it but it definitely was treated as a potential place to bounce on a few time frames. Then binance went black. Right now we have a fascinating situation where Binance beingg the no1 exchange, with actually 2 o the top 10 exchanges by volumes (with Binance.US), could them coming back online PUMP the price in.. roughly 30 mins from this posting?
- Case for binance DUMP
Everyone sees that it fell below the (weak) trend line, they realize their stops were closed out, they FUD the heck out and immediatley sell when binance is back online. BTC tanks to test last low, or below.
- Case for binance PUMP #1
Everyone is desperate to get back in and trade, creates a surge in orders.. not sure where my logic is leaping to here, i guess a bunch of bulls or some reason use this strategically to create a pump and some fomo
- Case for binance PUMP #2
Bulls on all other exchanges manage to get the candle back above that trend line before 12pm (my time, 20-30mins from this post), this gives binance bulls super FOMO hard-ons, once trading opens they pump in with bullish buys
Either way, there is a HIGH RISK, for me VERY HIGH RISK (why the fruit am i in this trade sigh!) opportunity to trade here guessing the bottom and bounce off a weak trend line.
-=-=-=-=-=-=--=-=-=-=-
TRADE OPPORTUNITY
-=-=-=-=-=-=--=-=-=-=-
BUY: 0.3600
TARGET: 0.4200
STOP: 0.3420
-=-=-=-=-=-=-
-
-
-=-=-=-=-=-=--=-=-=-=-
Fundamentals
-=-=-=-=-=-=--=-=-=-=-
Rank #41
Market Cap = $3.18 billion
Ecosystem platorm for big business (booooo)
Top tier project (apparently)
-=-=-=-=-=-=-
İşlem aktif:
So binance did provide some bulishness imo. Im down on this trade.
oh and i moved my stop to 0.355, very likely get stopped out, my risk profile was off today so i had to adjust
oh and i moved my stop to 0.355, very likely get stopped out, my risk profile was off today so i had to adjust
