Firstly we need to look at the fundamentals behind this trade:
DOT (Polkadot, #8 ranked crypto) is gearing up on KRAKEN exchange to go live with slot auctions for parachain. Kusama is one of the top projects people believe will be getting a parachain slot. Kusama acts as a testnet for new projects on DOT, an essential piece of the ecosystem puzzle.
Basically what we have here is buy the hype, sell the news. DOT have been talking about parachain auctions for a while, the fact KRAKEN exchange twitter is finally starting to pump out some marketing about it... I think we are close.
Now that BTC has pumped, if we don't dump like the dickens, then we have fantastic conditions for a KSM (and also DOT) bullrun.
My trade is measured for short term profits, imho if you get in and up 10% in this trade... HODL! Just hold on, I think the play needs to be = let it ride.
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KSM TRADE
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BUY: 400 to 405
TARGET: 500
STOP: 5% however you need to see how it retests trend line, if it does.
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Fundamentals
--==--==--==--
Rank #45
Market Cap = $3,467,196,719
Polkadot Ecosystem
Supply: 9,651,217
--==--==--==----==--==--==--
DOT (Polkadot, #8 ranked crypto) is gearing up on KRAKEN exchange to go live with slot auctions for parachain. Kusama is one of the top projects people believe will be getting a parachain slot. Kusama acts as a testnet for new projects on DOT, an essential piece of the ecosystem puzzle.
Basically what we have here is buy the hype, sell the news. DOT have been talking about parachain auctions for a while, the fact KRAKEN exchange twitter is finally starting to pump out some marketing about it... I think we are close.
Now that BTC has pumped, if we don't dump like the dickens, then we have fantastic conditions for a KSM (and also DOT) bullrun.
My trade is measured for short term profits, imho if you get in and up 10% in this trade... HODL! Just hold on, I think the play needs to be = let it ride.
-=-=-=-=-=-=-
KSM TRADE
-=-=-=-=-=-=-
BUY: 400 to 405
TARGET: 500
STOP: 5% however you need to see how it retests trend line, if it does.
-=-=-=-=-=-=-
--==--==--==--
Fundamentals
--==--==--==--
Rank #45
Market Cap = $3,467,196,719
Polkadot Ecosystem
Supply: 9,651,217
--==--==--==----==--==--==--
