Hello, i always wondered why ampl market is so inefficient, its a algorhytmic stablecoin which stays arround 1 USD by changing its Supply.
Historically its trading between 0.5-2 USD and is currently is at the resistance again...i dont understand why people are buying here, knowing it is going back to 1 USD.
Shorting with 1x Leverage in my sell zone (red lines) is basically risk free money as theres no way this is going to 3+ USD (atleast chances are very very low)
Lots of people shorting it on FTX already as premium is negative as this is basically a free money glitch.
Expecting Ampl to go to under 0.75 in the coming weeks,months. Thats where im closing this short.
Be careful, i believe Crypto bubble is bursting after this correction.
Please only invest what u can afford to loose in crypto (and this idea).
DYOR and please leave a like =)
Historically its trading between 0.5-2 USD and is currently is at the resistance again...i dont understand why people are buying here, knowing it is going back to 1 USD.
Shorting with 1x Leverage in my sell zone (red lines) is basically risk free money as theres no way this is going to 3+ USD (atleast chances are very very low)
Lots of people shorting it on FTX already as premium is negative as this is basically a free money glitch.
Expecting Ampl to go to under 0.75 in the coming weeks,months. Thats where im closing this short.
Be careful, i believe Crypto bubble is bursting after this correction.
Please only invest what u can afford to loose in crypto (and this idea).
DYOR and please leave a like =)
Note
Note
propably good time to take profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.