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MFT

My $1k to $100k Challenge: Day 60 - Trade #55 MFTHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. Current streak of 6 out of 10 profitable trades in a row. After 59 days and 52 completed trades: Wins: 24 Loss: 28 Balance: 0.161 B USD: $ 1019 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 60 trade #55 I invested 0.08 B into MFT. I bought 90909 @ 88 satoshi My Sell targets are: T1: 96 10% potential profit T2: 105 20% potential profit T3: 114 30% potential profit I will sell 50% at target 1. 25% at target 2 and 3. If target 1 is hit, I will move my SL up to my buy in price. If target 2 is hit, I will move my SL up to T1. SL: 83 -5% MFT has bullish RSI divergence on the hourly and reversal looks to be in play. In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
MLong
by redking75
10
MFT falling wedge patternI like the look of MFTBTC right now. We can see a falling wedge pattern forming with RSI divergence. Picking the exact bottom can be tricky, but we can see that price has already broken out. The only concern at the moment is volume has not increased. For this pattern, I usually target the 38.2% Fib of the overall move down and place stops below the low. This is almost a 4:1 trade. Please give this trade idea a THUMBS UP and I will keep you updated! Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
MLong
by hedgewithcrypto
Mainframe (Should you buy ? )Almost a week later since MAINFRAME listed on Binance, prices are now started to show some correction and find its real value. Since the fomo is now over. Overall the prices are still in downwards channel and not to break any soon. Since Bitcoin ETFs are planned for August 10, all the attention is on bitcoin. I would not touch any alt right now, other than to short it. If Binance allowed Margin trade Mft was a perfect short. Summary : Dont buy here
MShort
by CyberPhunk
2