Started with 100$ today, let's see how far I can get it up until I get liquidated :D

Chart-wise, I expect further down on SPX today

$SUI TA per request:
SUI formed a rising wedge - those usually break to the downside.
Similar to BTC, we broke above and are currently retesting the bottom support (of the upper resistance of the wedge # now a support). If this breaks, we shoud retest the 0.68 and then the ~0.62 region. This we also could argue that we had 5 waves up, this would align with a dip to retest the previous liquidity zone.

TL;DR: Break here, retest next 0.68, then 0.62. Bounce: Breakout to the top confirmed and retest 0.92~

BTW: Standard bias is always: Support -> it supports -> bounce up.
Reistance -> it resists -> rejection.

This always applies until it doesn't. The more often we test a support or a resistance, the higher the probability that it doesn't act as a a support/ respective resistance anymore.

Currently using it more. The exchange that I am using is Hyperliquid. Basically, it is a decentralized exchange - you use your wallet on Arbitrum to login, deposit funds and trade with the wallet as account. You can withdraw anytime. (You don't use it to buy or sell cryptos, only to long or short them, it is purely a futures market, no spot market)

It seems like it is one of the most liquid dex's out there and it has been pretty nice to use:
- No registration
- Long or short with up to 50x leverage (altough I highly recommend you to max use 3x unless you really know what you are doing)
- Everything runs on their own blockchain but is still blazing fast
- You do not need to approve any transactions, basically it is the same experience like a regular cex and I actually find it easier to trade on as on binance

- It seems like there is a (garuanteed) airdrop for people who use it regularily with a point system the more volume you make

- The con is that it is of course not as liquid as Binance and others but there is definitely enough liquidity to trade. I would highly recommend you to have a 2cnd window open and track the market on the spot market of Binance or Coinbase and trade from the price action there.

- I would also always suggest to use a fresh wallet for stuff like this; don't deposit too high amounts and withdraw when you don't trade. Withdrawing and depositing is super cheap on Arbitrum. I'll see how nice it is to use as a daily driver compared to a cex. I'll let you know

Feel free to check it out. You can use my ref link for a few % off on trading fees:
https://app.hyperliquid.xyz/join/QQQQ

I'll explain how I am using this to further grow my now $120 portfolio:

1. I am looking with coins that have moved largely on the daily: either high up or high down. What you want is high volatility to get proper entries and quick moves that you can capitalize on (with or without leverage)
2. Using leverage is basically you lend money and this multiplies your wins and losses. For example 10x = 10 times the money you have, positive and negative. Beware, using 10x leverage means you get liquidated when the asset moves 10% in the wrong direction, you also double your money when it moves 10% in the right direction.
3. The higher the leverage, the higher your risk of losing all your money. This means you need ot be super precise and major market moves in wrong directions literally make you lose all your money quick (getting liquidated)
4. This means the higher the leverage, the more sure you should be sure that you are right on your call. Even if you have the right direction, a small bounce or rejection can get you liquidated altough your call was right
5. The platform will use cross leverage as auto setting: this means, when you have $100 deposited and you only trade with $50, your full position is at risk. This is because the platform will use your remaining $50 as collateral as well. Setting it up to "isolated" will prevent this. Cross is good as it will move your liquidation price further away. I recommend you to only use play money to test and learn and only deposit as much as you can easily lose.

Let us start with an easy live example: YGG has dropped the most today: I assume this is the best potential for quick moves

What you do next is check out YGG on trading view: Always start with a high timeframe to see historical support an resistance zones: The biggest mistake is to only look on very short time frames and miss out massive supports/resistances that you short or long into and then get caught by surprise.

Seeing this chart, I immediately see the 0.48 as massive zone, as we test it from above I expect it to be a support and expect a bounce.

Next step is to check out the lower timeframes and confirm you are betting on an important zone: remember, there is not much room for error when you leverage your money. Even if not, you will always want the most perfect entry

After making sure your historical resistances are very precice (being precise is very important, as those lines literally decide if you bet on a further trend continuation or a reversal) you check out other factors.

Counting waves is always a good point to see, if the correction might be done or has just getting started. On this case, I am not sure if I am correct on those 5 waves. It could be done.

Also easy to check is the curviture of the trend. What you can see here is that we made the classic "half O). Now we are hitting this major support. As previously stated, my Bias is always that from above, as support will usually bounce at least once, same as from below a resistance will at least reject once.

Given the support and the pretty much completed "half O", we might actually bounce right here. It might be the perfect entry.

Might is bad when you literally bet money.

What traders want is confirmation:

Confirmation is when you "retest" a trend. A holding retest usually confirms a trend reversal.

At this current point, you can open a long with a stop loss a little below or you can wait for a confirmation to enter. Always be ready to admit to yourself that your own call is wrong and close your position if it gets clear that you bet on the wrong direction.

If you feel like the time is right to enter a position, you can start betting. In this case I am betting on a trend reversal and am going long.

You don't have to bet your full portfolio. It is always a good idea to start with low % like 25% and add more to your long/short when your theory gets confirmed.

Make sure to have stop-losses in place. You will now want to have high-leveraged positions open without a stop-loss and I would not recommend to have higher-leveraged positions open without literally staying in front of your screen monitoring it. You need to be very quick when the time is right.

⚠️And always leave Bitcoin open on a 2cnd window for you to see all time. Literally every coin will shit on its short-term trends when BTC suddenly decides to dump. This is the easiest why how you can get liquidated in seconds altought you have done everything else right⚠️

There we go, BTC short term pump

Next step: Get your resistances to the top. Find an exit strategy and for that draw all the resistances to the uptrend (because I am long right now).

We just had a big downtrend so it is very unlikely that we will just burst up the the recent ATH.
For now I am relaxing on my position and further observe the price action (PA)

Broke the lower support. All good until we don't go lower. If we cannot reclaim it is time to cut losses and close the long.

retested the support from above -> now resistance. Still waiting as BTC looks good and it could be a fakeout. Minute chart is not as reliable.

Also those news coming in

BTC further up, reclaimed on minute chart, further observing.