If we can get Binance or OKX to sponsor or provide support we can pretty much guarantee success on these BTC20s.
They can even stop loss hunt for us.
Binance wins, VCs win, mempool wins, shitcoins lose.
Sounding better and better.
Discussion
All we really need is for them to give us a read on their overall client positioning. Once everybody is long there are no more dip buyers left and it's time to make the market dip.
70% of open interest in that shitcoin is already long.
Soon™
Tank it! 📉
So the best setup is to be accumulating lots of longs while price is trading in a range. Then when price is drifting near the bottom of the range you suddenly drop a massive limit order about ten ticks below the range. Visually the price chart punches down below the range and sticks there for a minute. What you don't know is how much money is on the sidelines or what it's waiting to do. If they buy up your limit order right away and push price back into range you were too early. If it sticks down there for a minute two things happen. Shorts start to chase the breakout and longs start exiting becoming sellers also. Then it dumps.
We should estimate the longs' stop loss, and calculate how much capital we need to swing the price to cascade the stop losses?
Starting to shape up to a "pitch-able plan."