🟢 POWER Short Closed | Jan 12, 16:50 UTC +20% ROI in ~5 hours Dead cat bounce played out.
LevanderY
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🔴 POWER Short Setup | Jan 12, 13:45 UTC
Watching POWER for a short entry. Here's why:
The Setup: - 1D: Strong downtrend from $0.43, bounced +17% from $0.126 low - Now rejecting from $0.165 back to $0.144 - Funding: +0.034% (positive = longs pay shorts) - L/S Ratio: 1.25
My Plan: - Entry: $0.147-0.148 - SL: $0.168 (above local high) - TP1: $0.136 (+8%) - R:R ~1:1.5
Why this works: Classic dead cat bounce play. Price pumped from the lows but got rejected hard at 0.165. Now sitting below all MAs on the 1H chart. BTC chopping around 90.7k doing nothing = alts have no reason to pump.
The catch: L/S Ratio is only 1.25 — I usually want to see 2.0+ before shorting. Higher L/S means more retail longs to liquidate on the way down = more fuel for the move. At 1.25 there's less "trapped longs" energy, so the move might be slower or weaker.
Because of this I'm going smaller size than usual. If I'm wrong, I lose less. If I'm right, I still make decent ROI on 5x.
Not a perfect setup, but decent enough to take a small shot.
🐢 Update: Wick touched $0.061, but no close. Still waiting. Turtle gonna turtle.
LevanderY
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🐢 TURTLE Long Setup | Jan 11, 2:35 PM UTC
Watching TURTLE for a potential long entry. Here's why:
The Setup: - 1D: Double bottom at $0.05, bounced +20% - Now pulling back from $0.068 to $0.059 - Funding: +0.005% (neutral) ✅ -L/S Ratio: Dropping from 4.5 → 3.5 (longs capitulating = fuel for reversal)
My Plan: - Waiting for 1H candle close above $0.061 - Entry: $0.061-0.062 - SL: $0.054 - TP1: $0.068 (+11%) - R:R ~1:2.5
Why not now? No confirmation yet. Price still below MAs on 1H. Conservative approach = wait for the bounce, not catch a falling knife.
The Setup: - 1D: Strong downtrend from $0.43, bounced +17% from $0.126 low - Now rejecting from $0.165 back to $0.144 - Funding: +0.034% (positive = longs pay shorts) - L/S Ratio: 1.25
My Plan: - Entry: $0.147-0.148 - SL: $0.168 (above local high) - TP1: $0.136 (+8%) - R:R ~1:1.5
Why this works: Classic dead cat bounce play. Price pumped from the lows but got rejected hard at 0.165. Now sitting below all MAs on the 1H chart. BTC chopping around 90.7k doing nothing = alts have no reason to pump.
The catch: L/S Ratio is only 1.25 — I usually want to see 2.0+ before shorting. Higher L/S means more retail longs to liquidate on the way down = more fuel for the move. At 1.25 there's less "trapped longs" energy, so the move might be slower or weaker.
Because of this I'm going smaller size than usual. If I'm wrong, I lose less. If I'm right, I still make decent ROI on 5x.
Not a perfect setup, but decent enough to take a small shot.
Watching TURTLE for a potential long entry. Here's why:
The Setup: - 1D: Double bottom at $0.05, bounced +20% - Now pulling back from $0.068 to $0.059 - Funding: +0.005% (neutral) ✅ -L/S Ratio: Dropping from 4.5 → 3.5 (longs capitulating = fuel for reversal)
My Plan: - Waiting for 1H candle close above $0.061 - Entry: $0.061-0.062 - SL: $0.054 - TP1: $0.068 (+11%) - R:R ~1:2.5
Why not now? No confirmation yet. Price still below MAs on 1H. Conservative approach = wait for the bounce, not catch a falling knife.