Overpriced
Shorting 2% leveraged at 3.13 liquidation (17x from 2.96) till 1.41 at expected 2.4x profit.
Reasoning: Price inefficiency
I want to add that my permanent Long is still with Cardano since 0.7, and will be there for foreseeable future (probably 10+ years). I do these actions in certain circumstances to hedge my position and later increase my long.
The key is to do a single leveraged transaction at the correct time. Timing the market is extremely difficult and mostly luck, however, sometimes it's doable.
Good Luck!
Reasoning: Price inefficiency
I want to add that my permanent Long is still with Cardano since 0.7, and will be there for foreseeable future (probably 10+ years). I do these actions in certain circumstances to hedge my position and later increase my long.
The key is to do a single leveraged transaction at the correct time. Timing the market is extremely difficult and mostly luck, however, sometimes it's doable.
Good Luck!
Note
It would be smart to collect some profit. I'm collecting 30%.Trade closed: target reached
Nice, I closed the trade at 2.11Not sure anymore where it will go.
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