I will hold this short until 0.045 IF the move is sudden OR goes steadily in a channel IN THE LOWER TIMEFRAME (1 AND 4 HOURS).
If it looks more like a EVE and EVE/ADAM pattern, I will close it around TP2.
Then I will look for some opportunistic longs for potential Elon / Twitter news flow.
Zlecenie aktywne
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Still holding the position. Added to the short around USD0.105
Komentarz
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One note: I try to use very low leverage. I often start the position below 1x leverage and scale up to at most 1.5-2x.
I strongly advise against any use of leverage above 1x when starting out the position and adding only 50% more to the initial position when scaling in.
Komentarz
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Position broke even batch 1 @.095 batch 2 @.105
Now unloading batch 2 at BE. So far, we have nicely scaled the entry cost up to 0.100 with no drawdown.
Now, I am more inclined to expect a sudden downward impulse rather than a steady decline, TP updated to 0.0510-0.0530
Komentarz
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Closing the trade manually here at 2% profit to reduce short exposure to the market.
It seems there is some strength in the market and I am going neutral.
Overall, in the last week we achieved 36% return. (LIT long brought 35% + DOGE short 2% and BAND short -1%)