Yesterday I talked about my open buy order for Hive and this is the post. I did place this order on exchange a few days back. I observed a downturn in the coin price through technical analysis and placed a buy order. My analysis was right because I expected the price to be 40 cents. Today morning my order was filled for 1200 coins. I'm happy that it has happened and now again I'm trying to read market sentiments. Sadly this Trump coin is making things difficult in the market.
I did it on the Binance exchange. I am buying hive coins because I think my investment from here will go up 3 to 5X easily. Investment always comes with some risk and I'm ok with that. I did buy Hive when the price was below 30 cents. Later I bought some at $0.40 but now I don't know the next price stop.
(Binance app snapshot)
A total of 1200 coins are purchased at a $0.40 price. I will not power up this coin far now because if price pumps I will prefer to sell and buy back. Pump is a good opportunity to apply this strategy. Recently we have seen many incidents where buybacks happened in a short span. Now again I will read the market closely to see if that is a possibility. I will keep this liquid for some time to see if I get that chance.
I can power up this amount anytime I want. Its better to wait for some time and if I can grow it further. If not then also I am trying to buy more. I have not placed any by order currently but will do so soon. Today it is not possible because of the fluctuation in the market. My goal this year is to have at least 10,000 HP (hive power). Anyway, this is not the limit because I will try can increase it also. It would be even better if I could make a 20,000 hive power.
The rest market will tell more!!!
Posted Using INLEO