NOT - UpdateBINANCE:NOTUSDT
So I did actually buy at 0.018 as the trade automatically activated when it dumped to 0.017.
Incredibly lucky as it happened literally hours after I posted my last idea.
I sold at the top 0.0195 with an investment of $5.000 making a spot profit of approximately $400.
As you can see, we are still in a channel. Everyone panicking needs to relax as the price can drop as low as 0.0165 inside it.
There is no clear indication of a breakout either side and it remains supported at 0.0185 to 0.0190.
By the time I write this idea the price is 0.0189 RSI is in overbought and MACD is diverging to negative. These are bearish signals but bear in mind we are still within a channel and the dip has not affected the price drastically despite one of the biggest pumps we have ever witnessed.
If you have not bought, I would look for an entry at 0.0181. If it dips lower and does not recover from 0.0165 I would close the trade and look for another entry when the time comes.
Interestingly as the price dumps, whales are accumulating according to KuCoin, but ultimately what decides the fate of all cryptos is the BINANCE:BTCUSDT price.
Due to the uncertainty of the market, the price could increase from here still.
