SVMAI - Incredible Spot Long Entry
I entered this spot long trade at .006, and just added more to my position at .12 after bouncing well off support around .010
Volatility is wild on this as it is a microcap coin, but the dev is brilliant and the co-founder of Solana has been retweeting him and the project OpenSVMAI. I think this will have wild swings but it is worth entering in a spot long trade with a target of .05 for first profit taking, and then next at .10 - you can try to scalp these as it seems everytime it hits new ATH with a blow-off top, it retraces 30-40%.
There might be a bit more downside if BTC decides to sweep the 88k region, and if SOL sweeps 175. But either way DCA at this point is great.
Volatility is wild on this as it is a microcap coin, but the dev is brilliant and the co-founder of Solana has been retweeting him and the project OpenSVMAI. I think this will have wild swings but it is worth entering in a spot long trade with a target of .05 for first profit taking, and then next at .10 - you can try to scalp these as it seems everytime it hits new ATH with a blow-off top, it retraces 30-40%.
There might be a bit more downside if BTC decides to sweep the 88k region, and if SOL sweeps 175. But either way DCA at this point is great.
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