Source item
Open original source ↗3 segments
Segment 1 · characters 0–352 · Original segment ↗
Segment 2 · characters 354–470 · Original segment ↗
Segment 3 · characters 472–741 · Original segment ↗
Quoted context
These are the quoted author’s words.
Did nibble on a little bit of $HYPE spot of course, under $34. Not a big position. Its 20% of what I'd like to fill in total. The reason the position size is smaller is bc we are obviously in a downtrend and bottoms can take a while to find or go deeper than we think although ultimately I would like the $28 area which I think is quite a high probability with it's current market structure. It is possible to get some assistance as there's a lot in the unstaking queue but we will see how much of that actually gets sold. maybe it's only 1/3rd, or 1/4 and the rest gets staked again. idk that is where I'd load up the truck if given the opportunity as I think that would be a good long term value buy atm, everything is in a downtrend and making lower highs which is the more important context of our market when thinking about the current risks. there is a lot of broken market structure out there. So overall, just being patient, and going slow with things. the biggest issue i've seen is people oversizing or trying to call a bottom every day and underestimating the risks post collapse last week and for me, especially after my eth escape this week and getting burnt a little on going outside my rules last friday and getting lucky with that bounce i am just playing a bit more defensive
Pentosh1 ↗