IAmSpoli

I re-entered a trade at the 50ma (on the 4-hour) for a significantly smaller position than my previous trade where I went 40x long. There is no leverage here - not because I lack confidence in the trade, but because risk management is the single most important think you can do to protect yourself... and the best way to risk manage is to POSITION SIZE CORRECTLY. I bought a traunch (about 1/6 the size of my 40x trade), using all of the profits from from my prior trade. I entered at .102 and feel pretty confident we won't go lower. Thus far we have seen a 7% bounce off the 100ma retest. If we go lower, the 200ma will act as major support around 0.092 ... If that happened, I would probably re-enter on leverage knowing that this is going to re-test the .12-.13 level again. Something to note... other coins got crushed much harderr and have yet to rebound... GRT's rebound shows relative strength - and the higher than normal volume supports his thesis. Short-Term capitulation likely occurred today with people taking profits and avoiding additional risk. I will exit this trade on a retest of .12, but as you all know, the more we re-test, the higher the probability we break through it, so I might not actually exit the trade depending on the price action. The longer it takes to hit .12, the less likely I am to close the trade. If we see a re-test to the upside in the next 72-hours, I would likely exit this particular trade. I have a large core position here that I've been holding since 2021 that I don't intend to sell until we see alt-season in full bloomI ended up LEVERAGING UP at .102. GRT is showing strength on all timeframes. RSI is neutral - There is a high chance that we see a 30% god candle on the weekly within the next 2-3 weeks. A god candle would blow through all resistances and would likely lead to a backtest of the long-term resistance trendline I've drawn here. The god candle also implies that ALT-Season would be in full swing and you better buckle up

Overall this crypto is very weak. Most alts are weak, with few exceptions. The Graph has actually been non-stop building even though the coin has bled out for 4+ years. I doubt the long-term trend is bullish, but on the short term, it looks like a standard head and shoulders pattern on the 1-hour. On the 4-hour we have a golden cross - although every other time frame is so bearish. I started buying some on the left shoulder while it fell in the target zone; I loaded the trade fully on 40x leverage after the right shoulder completed and broker through the zone of resistance. Looking to see a break of $0.13, which is the top of the head pattern. If we see blow off top in crypto, it should break through decisively over the next 30 days and we could see low .20s Anything is possible but I may be out of this trade by the time you read this. Not Financial Advice. Probably completely random nonsense.