Rekkonda

Trader since 2018. Started with XBT on BitMEX.
Crypto, markets & trading psychology.

Cross-Border Payments (FEA)

[Rekkonda @Rekkonda]

I thought trading would make me rich in a few months. 8 years later, I'm still here.

I started trading in 2018.

I was 19, had around $500 to my name, and was convinced I was going to get rich from financial markets.

I had no idea how long this journey would actually take.

[Rekkonda @Rekkonda]

$ZRO

NON FARM delivered to my entry.

Pulled the trigger when ETH dropped below 2740 - resistance level.

If we return to the range, I will expect a decline to the lower boundary.

Have a nice end of the day.

[Rekkonda @Rekkonda]

@CoinCompassHQ 1$ is a magnet. And nwm he post or not. Just a matrix

[Rekkonda @Rekkonda]

HB , a little mate!

[Rekkonda @Rekkonda]

After reading a few posts from @trader1sz and taking a closer look at the memecoin market, I decided to take a small spot position in a high-risk asset — $BERT.

[Rekkonda @Rekkonda]

From a risk/reward perspective, I see an interesting asymmetric opportunity.

That said, I’m keeping the position small. This isn’t a serious allocation — just a bit of fun with a potential to do something crazy.

[Rekkonda @Rekkonda]

@erichgoeswild ust making sure the liquidation candle doesn’t break through the monitor and take out the neighbors too😆

[Rekkonda @Rekkonda]

@Mattertrades Despite being wrong on the near-term narrative, I’d also like to see that $2.2K flush.

But first, I’d want to see BTC tag the yearly open, then look to take $ETH in sync with it

[Rekkonda @Rekkonda]

@Darky1k But what about the majority who entered altcoins back in 2023–24?

How are they feeling about Uptober right now?

[Rekkonda @Rekkonda]

If the resistance gets broken, I’ll be looking higher.

The $100K area is where I see more interesting positioning, with the potential for a deeper rotation from there, in my view.

[Rekkonda @Rekkonda]

$BTC

I’m currently looking at the yearly open as the key reference for rotation.

My main idea is to look for a sell around $88.7K if price gives the right reaction there.

Closed all my short positions this morning — +5% to the account on the move.

[Rekkonda @Rekkonda]

I’m also looking at other assets for the rotation, mainly $LINK, $XMR, $ETH and $SOL.

The idea is to see which one gives the cleanest setup if BTC reaches the area I’m watching.

[Rekkonda @Rekkonda]

@trader1sz Bought today for 500$. Will add more 🤝

[Tom Dante @Trader_Dante]

To add: I’m not saying you can't lose in one market and then find a way to consistently win in another.

My point is the crowd always chases the current big thing, and the focus is always leverage and speed, both used irresponsibly.

Early in my career it seemed all about spot FX. I told people to look at futures, but the capital barrier put most off.

Then it was binary options, pushed by scammy influencers.

ESMA (then the FCA) banned them for retail and capped leverage.

So everyone moved to offshore brokers on MT4 at 500:1. Crypto perps at 100x ran alongside.

Then NQ became the thing. Prop firms "solved" the capital barrier to futures with simulated accounts, sold by the same influencers.

After countless blow-ups and firms not paying out, the industry is already moving on: 0DTE, perps, prediction markets.

New vehicle, same outcome.

The firms who innovate and build the vehicle win, the crowd that uses it mostly loses.

[Rekkonda @Rekkonda]

@tradingjip Just do it without a manipulation. Send it

[Rekkonda @Rekkonda]

@ChentoTrades GM mate! I’m also in shorts. Feels like we’ve got a good opportunity to chop up some of those late macro longs.

Would love to see a good rotation lower from here

[Rekkonda @Rekkonda]

GM!

Added another $ETH short at 2720 - the level @Trader_XO pointed out. I saw a good imbalance price there, so I clicked it almost with my eyes closed.

The overall bias remains unchanged. At the very least, I’m still looking for a test of the Feb highs on BTC

[Rekkonda @Rekkonda]

@saitama_98 @Trader_XO want to believe 😀🤞

[Rekkonda @Rekkonda]

@Trader_XO Also got it on YO

[Rekkonda @Rekkonda]

@CryptoMillionYT Have the same view, shorted on 124,7.

The first target was Monday low , where closed a little. But I want to keep it in swing with a similar TP

Loaded? 🤞