bought $pnut at 50M stop loss 32M (%37) entered with size so if it pumps to 75-80M, will take my initial and ride it free
bullish reasons: 1)down %65 from ath (goat was same, dumped %65 before it runs to 700M) 2)top 10 holders are fully goat holders 3)strong narrative 4)still good volume 5)good holders number
bearish reasons: 1)elections are tomorrow so there is a high probability that it will be forgotten after the election (or Trump will win and moon lol)
With the Tether FUD and bomb news, We saw a big long squeeze (especially wicks on altcoins are scary)
1️⃣ On the Onchain side, Coinbase is currently the buyer, Binance is moving sideways, and most of the movements are made by futures. (futures --> manipulation, spot buy --> healthy)
Frankly, bitcoin is in the no-trade-zone for me right now.
I think there is liquidity in the lower regions that needs to be cleared.
2️⃣ The best scenario that can happen here is that while Bitcoin dumps to clear the liquidity in the lower regions, BTC.D completes its rally and the altcoins are thoroughly crushed.
Levels that I care about in terms of determining direction in LTF: Daily candle above $68200 Daily candle below $66600
You can see the levels I care about in the chart(HTF)