I remember writing that EOS was cheap as chips at $1.40 ... I don't even know what to call this ... ridiculous?
I've started building into a very small margin long position with my actual holdings, for every 100 tokens I hold I've gone long 25. This is probably the least amount of leverage I've ever used, I'm being careful though because this is an investment and not a trade.
The bottom may not yet be in ... but I have a sneaking suspicion it is:
Volume peaked at record highs on the 6th of September with 18 million tokens changing hands, 12 million of that was on the sell side. As you can see from the chart above though (blue area graph at bottom of chart), volume has steadily declined since then - there does not appear to be much selling interest down here. Friday and Saturday were both small up days with 2 mil on the buy side vs 1 on the sell. 50c looks solid for the moment.
I'll get margin called at 12c or so ... if it goes that low I've already lost 90% of my investment, so more than happy to take the risk while beefing up my upside exposure substantially. Would like to see a solid rally off 50c on high volume ... I'd be willing to get a little more aggressive then.
Anyone else got margin longs on? Would to love to hear from you ... am I being a pussy? Should I just get balls deep already?
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