Step.app |Move2Earn
Updated
FITFI is one of the higher marketcap & volume tokens following the Move2Earn trend. Had quite a high allocated IDO on MakerDAO which is the top returning LaunchPad over time. Due to the above, I was very confident on FITFI from the onset, as I trust the due diligence of the MakerDAO team. A good resource to verify the above is coinrank.io
Looking at price; after having a strong pump after launch, Step.app finally had a decent retracement back to an area of high volume and has since found support. I had been waiting to see what would happen at the 50% mark and quite honestly didnt expect the recovery to be so rapid, which tells a story of its own.
"Buy tennis balls, not eggs"
At the end of the day, this is all a trend, and eventually the market will have to take its money back. It's best not to be extremely speculative with these tokens and prepare for all conditions such as a large dump.
Due to the success of GGMT, I expect money to trickle down from the highest marketcap tokens in this category to the rest, in an effort for people to extract the most value in speculation that all projects will hit the magnitude of StepN.
Other well noted tokens in this category I've spoken about are GGMT & MMOOV which will be tagged below.
Looking at price; after having a strong pump after launch, Step.app finally had a decent retracement back to an area of high volume and has since found support. I had been waiting to see what would happen at the 50% mark and quite honestly didnt expect the recovery to be so rapid, which tells a story of its own.
"Buy tennis balls, not eggs"
At the end of the day, this is all a trend, and eventually the market will have to take its money back. It's best not to be extremely speculative with these tokens and prepare for all conditions such as a large dump.
Due to the success of GGMT, I expect money to trickle down from the highest marketcap tokens in this category to the rest, in an effort for people to extract the most value in speculation that all projects will hit the magnitude of StepN.
Other well noted tokens in this category I've spoken about are GGMT & MMOOV which will be tagged below.
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I bought into FITFI3xLong on MEXC global, so Im up quite a bit. Will close 70% of the derivative and ladder in 30% of the profit into the spot token if we have a retest of the 0% line w/ a tight stop.
If price falls back to the 38% level I will punt 60% of the profit back into the deriv and ladder in the remainder if price can find a stable uptrend.
As for now, Ill relax.
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added @ 0%, stop abov entry now. With market volatility, dont wana wake up surprised underwater.Note
Closed the trade and took profits from lev tokens and futs. Got some 3xShort tokens just below the break of the rising wedge.
Could be a good R:R trade depending on how deep this pullback gets.
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Same bar sequenceNote
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There ya go, love it when a plan comes together.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
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