✅TRADE REVIEW: $JASMYUSD

11 Apr

- Opening a position.
- Very risky so I have positioned sized accordingly
- Very tight stop as well
I want to see this GO right away and have no patience

It is a lower quality name in an uncertain market.


I see above average volume moving up.
Consturctive pattern.

If you are aware of the High Tight Flag (or PowerPlay) concept in stocks, I use this analogy when I trade crypto. The HTF requires a +100% move up (powerful) and less than 20% correction - indicating stong buyers piling into the stocks. I extrapolate this logic into the more volatile crypto names as I would like to see less than 20% retracement of the gain. To explain further, JASMYUSD has soared +450% since Feb2024. I would take 20% of 450% and allow this stock to correct up to 90% to be a valid base. Currently it has corrected only 40% and is staring to move up with great volume patterns. Hence why I have been willing to risk capital into this TRADE.