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eggman 🔵 pfp
eggman 🔵
@eggman.eth
So right now, pretty much all our crypto PA is macro-driven, in part due to the SPX tanking under the tariff economy. While ideally we hold our current structure, it's always worth our time to look at the bad case scenarios, if only to prep for the worst. So we've had 2 major corrections in the past 5~ years we can draw on. The first correction (covid flash-crash) grabbed support off the 300w, while the second correction (inflationary fears) grabbed the 200w. The long-term trend between these points lines up almost perfectly with the 200w, currently sitting at about $4,670 and climbing. The 20m support is currently at $5,270, which would likely give some level of minor reprieve if we were to take the path to the 200w. I don't think you should short into this as if there's one thing that's certain during a Trump presidency, it's uncertainty - but having some sidelined cash for an entry at the 200w could prove a solid recovery play if the worst comes to pass.
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Phunk 🎩 pfp
Phunk 🎩
@0xphunk.eth
I traded the first term (stocks) & it was wild but manageable (&profitable). The random company shoutouts/pumps. Idfk what to do this time around other than scalping the volatility or selling options. Like you said, keeping cash ready seems to be the move rn
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