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FITFIUSDT trade ideas

"Launch Pad" Formation for FITFI token!I have been recently making a LOT of profit from this highly volatile token. If you are wondering why it is so volatile, there is a very simple answer for you: It trades several times it's market cap in volume on a normal day. That quite literally means that every token in existance may be changing hands 2-3 times in a day, so all of a sudden moves of 50%, or even 100%, start to make sense through this framework and sound quite possible rather than absurd. A move of 100% for Bitcoin in a few days would be near impossible, but for this token, it can easily happen. Basically this is the next edition of my last trade, where I ended up using a 5% trailing stop so I could get to sleep, which took me out at around $0.42, right near the highs. Good game! I took 1/3rd of my position in here, and I will get the rest of my entry if we sweep the lows to take retail stops. I think it has around 50% chance of sweeping. Let's see. Thanks for playing.
FLong
by bowtrix
4
Taking It A Step Farther: Valuing Valueless AssetsI have created a fair value model for a worthless asset based on it's trading volume alone. Since volume represents the fluctuating demand for this ultimately vaporware asset, it shows us the minimum and maximum fair values of the asset. Based on this model, it is good to place bids and buy big below Minimum Fair Value, and then sell as price reaches / moves above Maximum Fair Value. It's possible for the market to drasically overshoot the Maximum Fair Value, but it's best to keep realistic targets. 24hr Volume / Circulating Supply Minimum Fair Value (lowest 24hr volume): $100,000,000 volume / 250,000,000 tokens = $0.4 Maximum Fair Value (highest 24hr volume): $400,000,000 volume / 250,000,000 tokens = $1.6 Despite this model, within a few years this asset will be worth ZERO! ALWAYS ALWAYS ALWAYS use a stop loss when trading worthless assets!!!!!
FLong
by bowtrix
8
Step.app |Move2EarnFITFI is one of the higher marketcap & volume tokens following the Move2Earn trend. Had quite a high allocated IDO on MakerDAO which is the top returning LaunchPad over time. Due to the above, I was very confident on $FITFI from the onset, as I trust the due diligence of the MakerDAO team. A good resource to verify the above is coinrank.io Looking at price; after having a strong pump after launch, Step.app finally had a decent retracement back to an area of high volume and has since found support. I had been waiting to see what would happen at the 50% mark and quite honestly didnt expect the recovery to be so rapid, which tells a story of its own. "Buy tennis balls, not eggs" At the end of the day, this is all a trend, and eventually the market will have to take its money back. It's best not to be extremely speculative with these tokens and prepare for all conditions such as a large dump. Due to the success of $GMT, I expect money to trickle down from the highest marketcap tokens in this category to the rest, in an effort for people to extract the most value in speculation that all projects will hit the magnitude of StepN. Other well noted tokens in this category I've spoken about are $GMT & $MOOV which will be tagged below.
by N0ST0PL0SS
4
FITFI bull flag target $0.793FITFI is making a bull flag pattern on 8 hourly, Price has tested the lower support of the flag and bounced back, If we see a green candle, Most likely it will break out and technical target of that is $0.793 whereas in case of a break down from the flag we will see $0.29 which seems less likely considering the hype around this project who will be the competitor of STEPN(GMT). Personally this project is going to be massive. A very good HODL for long-term. I never do shilling or anything but this project will gain all the traction in Q3 once its mainnet launch. Buy only if you can HODL till Q3 this year.
FLong
by NasirCrypto
2
Trading imbalances between supply and demandYou can literally just buy coins that continually have a higher volume than their market cap and take profit when they become similar... Yeah, sounds crazy. But hear me out. Here is the reasoning for why this would work *in theory* -> The price is determined by supply and demand, right? Well, the volume is the demand, and the market cap is the supply, more or less. We see signs that the demand is higher than the supply in a big way when the volume consistently outstrips the market cap. Because of this volume, you know that the fiat sitting ready to buy this token as it rises is sufficient and the lacking side is the supply of the token itself. You can also see the inverse of this with assets like AXS that are only able to trade 5-10% of their market cap in volume because of the lack of demand for the asset and surplus of supply. This causes tokens like AXS to fall in price and build a strong downtrend and tokens like FITFI to rise and build a strong uptrend.
FLong
by bowtrix
2