STEP outperforming in the Solana EcosystemSince airdrop season started in August 2023, SOL has been outperforming ETH and other majors and the Solana ecosystem took off with PYTH, JUP and other airdrops and memecoins since.
STEP has been performing well against all the majors with exception to BONK during the time period
Expecting returning back above 0.08 soon STEPUSD
STEPPERP trade ideas
STEP Finance 100x opportunityGoing against my better judgement here, ignoring history for a volume based trade. So many PM’s telling me volume is the better play than history since the recent history based idea on SENSO. As many of you may know I favour chart history over trading volume by a country mile. So much more information is conveyed in a year of data than a month.
Translated, that means I would have ignored Bitcoin at 6 cents and became interested at $10 thereby missing out on a 16000% move. That’s a tough cookie to swallow. However the risk was huge with little to no probability data to work with.
On the above 2-day chart a ‘incredible buy’ signal was printed as the 10-day EMA crossed up and over the 21-day EMA. (red line changing to green).
On the 4-day chart (below), the part I’m told that matters, is volume. Lots of it. Someone knows something I don’t, for whatever reason volume is pouring into this tiny market capital coin.
A word of caution, this has a tiny market capital. $2M. 100x is easy at $200m, and even then the market cap it tiny. Expect huge swings in price action.
1st target $7 / 1100%
Full disclosure, like SENSO I’ve opened a position in STEP finance. Will return to both in a year and see which was the best approach, history or volume.
Good luck!
WW
4-day chart - volume. Lots of it.
Step 4h ShortSetup: Step has consistently been making all time lows and recently, it broke its swing low again. In this sort of bearish market scenario, weak altcoins are going to get wrecked and Step seems to be one of them. To make things even sweeter, Step actually has a positive funding rate. This allows for us to get some additional yield on our shorts
Entry: 0.0287
SL/ TP: Trail using parabolic SAR or MA
STEP - Doom LongAfter closing earlier trades, I jumped back in at 0.25 for a scalp to 0.34-0.40, but this setup is entirely different.
Not sure if it comes after or before another high, but:
- Looking at where I think BTC and SOL are going in the following weeks/months,
- How terrible the SOL ecosystem has been performing for weeks
- Assets like COPE, Tulip, Mango taking the lows
- 1-second scam wicks on FTX,
I think we have a decent chance to get this entry between 0.1820 - 0.1690.
It can definitely go lower and I won't actually use a stop (at least I won't set it), hence going in with a small amount and will watch how things will develop. Since it'll be an amount I won't care, I won't mind holding it until Dec 2022 - Feb 2023 and aim for even higher targets.
PS: I'd prefer this to be a scam wick (20-50%) rather than getting filled after a slow bleed.
STEP about to pull a SUSHI?. LongExperimenting with Gann Squares.
- Correlations seem interesting
- Lot of Alts ripped to the upside last year in Jan after correction. Same thing about to happen?
- Price action reminds me of SUSHI
- Supply + marketcap + rank #600ish = lots of room for bull run
- Product itself is not revolutionary but it's clearly in a winning team (SOL, SAM)
No financial advice
STEP : CLOSER LOOK Normally once i bought the coin I tend to hold to its TF.DAY target
I dont get in/out ,it's difficult management if one holds many coins
but i'll have to practise this to trade Future contract. . it's my next year mission <3
Let's practice and get better!
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Feel free to comment/feedback :)
Life's learning
STEP - Idea 2An alternative strategy for STEP
See Idea 1 if you're interested.
Simply playing the local time pivot on Dec 15.
Dec 16 is meant to be a pivot for BTC. ATL breakout retest, 3D supertrend, 80%+ retrace, 1W & 3D FMV Gaps. Lots of HTF confluence for a potentially massive run. I'll take it.
I will scale in slowly if the price comes to my interest zone within the next days but will wait for confirmation to buy the full position.
I will close it if 0.21 turns into resistance on daily/3D, depending on BTC.
STEP - Idea 1I'm not an EW expert and I only use it to understand HTF direction, so the count could definitely be wrong.
Having said that, there is a good confluence to say the bottom is in or almost there:
- Fibtime
- 1:1 extension for a 5 wave down for C leg (4 is overlaping 1 so this is most likely wrong, but it's crypto...)
- 1:1 extension for ABC
- Horizontal 3D support (ATL breakout retest), 3D supertrend, 1W FMV Gap
Since this is a min 10x setup, invalidation could even be ATL but 50% is quite wide, so I'm starting a small position and will wait for sub-wave 2 of 3 to confirm the direction. I'll cut most of my position at the stop loss but will leave ~25%. This trade also contradicts with my BTC plan for the coming weeks, but I'll never let a 75R trade play without me after a 80%+ retrace.
Bids at:
- 0.2915 (Already filled)
- 0.2520
- 0.2470
- 0.2175
TPs:
Price targets for wave 4 and 5 are not measured, I'll only take profits at htf levels confluent with the dates given on the chart.
STEP... TO THE PLUTO ? I dont know much about the coin but its volatility got me interested from day 1 i stepped in crypto market.
Since there's not much analysis on TV about it, i'd like to publish this to see how far it can go (just for fun)
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Below's the copied pasted info about the coin
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Step Finance is a portfolio visualization platform which aggregates all LPs, tokens, farms and positions that a user may have associated with their wallet and displays it in an easy to use dashboard with various useful metrics and visualizations. Step aims to be the page which DeFi users have open all day with all the functions and information they need to make informed decisions.
Step will also enable users to interact directly with their favorite protocols from within the dashboard which could include farming, pools, swaps and automated strategies. Many of these value added services will be done for a fee which will be collected and used to buyback and distribute tokens to STEP token holders. Today we will discuss the tokenomics behind STEP token.
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Kindly do additional research and safe trade, always place ur stop loss
-- Not professional advise Just sharing ideas --
Feel free to feedback / comment <3 Thx