Low Float Sympathy Play DOPE 21/6

Title: Low Float Sympathy Play

Strategy Description: This is adapted from sympathy plays on stocks, but it played out literally to perfection this time... So I would say it transitions pretty well.

Situation is that there is a coin that is going mental, talking 200%+. This coin can be considered the leader; and up for various reasons. Looking for coins that have similar qualities. In this case CANN (CannabisCoin) was the leader. CANN was already up roughly 100-200% but then volume started pouring into it like crazy and it went from up 200% to up 400-800%. Note the times, DOPE had already reacted a little bit to the CANN move, but the secondary move started after the CANN one.

One thing I don't like about this play is that DOPE had roughly 50-100BTC volume at the time I was initiating a position; so going to be very difficult to liquidate if it doesn't work out.

Side note: All the marijuana coins moved off this move, not just DOPE. So it may be worth creating a "related coins" list.

 Coin Market Cap=$4m



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