Anc at Resistance, no TVL
Updated
Hello, after a big sell off Anc is currently testing the resistance a second time.
Its Total value locked went from 20 Billion to 100mil (currently, tendency getting lower) after the Luna disaster.
Today its at +100% at binance and top spot in terms of percent.
Anchor is propably as Luna dead and i think it could be worth shorting it at this resistance (with low leverage) and tight stop loss.
DYOR, risky setup as its current volatility is huge.
Its Total value locked went from 20 Billion to 100mil (currently, tendency getting lower) after the Luna disaster.
Today its at +100% at binance and top spot in terms of percent.
Anchor is propably as Luna dead and i think it could be worth shorting it at this resistance (with low leverage) and tight stop loss.
DYOR, risky setup as its current volatility is huge.
Note
yeah that resistance looked too obvious and people who shorted it got sl hunted..next time ill sl hunt too on setups that look too easy ^^"Note
originaly i thought Anc was a multi billion marketcap coin, turns out it barely touched 1B marketcap. Currentlyits at 120 mil. 120 mil isnt much and a single entity could manipulate it easily. Which is not a good trading setup. i wouldnt short it again.
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