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When Those Random Spike Buy Orders Work Out

scaredycatguide

Published: 04 Jan 2024 › Updated: 04 Jan 2024When Those Random Spike Buy Orders Work Out

When Those Random Spike Buy Orders Work Out

There is a habit that I still haven't regularly gotten into some other crypto investors I know handle habitually.

In this case, I did execute on it.

SEI price has been mooning and I have really struggled to add more as I don't like to chase. The buyable pullbacks have been nearly non existent.

However, I did put some limit orders in at prices I liked. Multi-leveled between aggressive and conservative.

Well, the random volatility spike we got yesterday provided an opportunity for my aggressive purchase order to be executed.

Looking at the chart above I highlighted in yellow where my buy order sat. It was at the top of the last consolidation, so a little aggressive but probably best I was gonna get if this coins remains super strong.

Thankfully the order got filled on that spike and is already in good shape with the snapback rebound in price.

The price action is strong, but also overbought so it is hard for me to add heavy here knowing some profit taking is due at any time.

Of course, this doesn't mean it can't keep running, which is why I'm HODLing my position and happy I was able to get an add on with that spike down.

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