Free Money Glitch: AMPL
Updated
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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