Hello friends.
Floki was recently listed on Binance US and many 'American crypto investors' blindly bought in -- err, I mean they 'wisely invested their dirty fiat into a super bullish cryptocurrency poised to become the next One World Currency and out meme the Big Dog'. As a result, the price of Floki increased massively and provided us with yet another shorting opportunity. Now that retail is fully 'invested' they will quickly panic sell if the price falls too sharply, or they will sell out of boredom of the price fails to rise a minimum of 420% per hour and compound at a rate of 69000% APY. This retail selling can drive the price down again. Let's see. Keep in mind that the retail buying wave isn't finished yet, since the slower retailers who haven't seen this news yet still want to buy. There will be continually diminishing buy pressure for the next day or so as all the extra slow-headed retailers buy, which will give us more chances to DCA into an inverse investment to hold for the long-term collapse of Floki.
Our stop loss is set at the 0.00006 level in case there's another Musk Tweet about Floki. Other than that we will hold the position until the price moves down to hit our take profit or until retail otherwise exits their longs.
Floki was recently listed on Binance US and many 'American crypto investors' blindly bought in -- err, I mean they 'wisely invested their dirty fiat into a super bullish cryptocurrency poised to become the next One World Currency and out meme the Big Dog'. As a result, the price of Floki increased massively and provided us with yet another shorting opportunity. Now that retail is fully 'invested' they will quickly panic sell if the price falls too sharply, or they will sell out of boredom of the price fails to rise a minimum of 420% per hour and compound at a rate of 69000% APY. This retail selling can drive the price down again. Let's see. Keep in mind that the retail buying wave isn't finished yet, since the slower retailers who haven't seen this news yet still want to buy. There will be continually diminishing buy pressure for the next day or so as all the extra slow-headed retailers buy, which will give us more chances to DCA into an inverse investment to hold for the long-term collapse of Floki.
Our stop loss is set at the 0.00006 level in case there's another Musk Tweet about Floki. Other than that we will hold the position until the price moves down to hit our take profit or until retail otherwise exits their longs.
Note
Note, Americans still can't buy yet, they will be able to FOMO in tomorrow, April 25, 2023 at 5 a.m. PDT / 8 a.m. EDT.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.