Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?
buy&wait
That is what I would do if I could monitor the situation closely and if I was using Stamp. Unfortunately I'm at work and can't monitor the situation closely... so I feel it is a bit risky to buy right now.
People talk a lot about new money coming into the system. These new money will buy at a high price and they help to push the price up for a day. But at the end of the day people take their profits, because nightly drops have been so frequent over the past months. Holding might be a good strategy if you bought at $100, but at this stage it is not a good strategy not for newcomers. Things are looking up though, but it will take some time before people get more confident. I wish China was more transparent. The events last night around 1 am GMT (I think) shows how fragile the situation is imo.
trading on stamp more easy compare to btce, I sold at 530 and will buy back at around 500 - 510. there is always some opportunities.
during down trend it is sale&wait
during up trend is is buy&wait