Our attempt to identify the next "pump coin". C98 long trade #5

2 sept 2023

While the previous few days, the most voluminous and liquidity cryptocurrencies have been falling in value, some coins have been pumping in percentage terms.

This trade is our attempt to determine which coin will be the next to "pumping". That is why we halve our standard entry amount to $5000 and emphasize that a stop order is required.

Entry = 0.1340
Stop = 0.1296 (-3.3%)
TP = 0.2960 (+120%)
P/L ratio = 36.8

According to these conditions, with a position size of $5000, the amount of potential loss is $165, and potential profit is $6000.

What do you think, "Is this game worth the candle"? Write your thoughts in the comments

4 sept 2023

Nota

A stop order was triggered, a false breakout - it happened.
Still, we believe this coin has the right to grow.
When we see a new safe entry point for long C98, we will definitely update this idea with a "fresh" trade.