Yesterday I called an entry for GUP at a price of .000089 BTC. I said that I was going lighter than normal because of a possible drop to the second support line. Guess what happened?
After a brief bounce on the first support, BTC’s bull run caused us to go to the second, more established support. That had a pretty good bounce but met resistance at our old support. I filled orders at .00008 to average out my entry to .000084, which means I am roughly 2.5% down on this trade so far. GUP has several events this month and I am not nervous at all holding this coin for the mid-term. If we break this support due to a continued BTC bull run, I will dump it at a slight loss and reenter at a better price.