Shorts at an all time high! Great time to get greedy!
Updated
Bitcoin, Ethereum and all other altcoins are in an ultra bearish sentiment so it feels insane for me to post this trade. But I want to do it for myself to see how it performs into the future.
In this trade, I am assuming that a new market cycle is playing out. I intend to have a long entry at the golden cross and a stop loss at the low 2.
Prices have a tendency to pull into golden crosses before going higher. And this does not look different for many other altcoins.
Plus shorts are at an all time high. There's not much to risk if it gets to these levels because sooner or later, people need to buy back ethereum to close their short positions. Or we could squeeze up. Who knows, who cares.
Get greedy during this fearful time!
Good luck trading all :)
In this trade, I am assuming that a new market cycle is playing out. I intend to have a long entry at the golden cross and a stop loss at the low 2.
Prices have a tendency to pull into golden crosses before going higher. And this does not look different for many other altcoins.
Plus shorts are at an all time high. There's not much to risk if it gets to these levels because sooner or later, people need to buy back ethereum to close their short positions. Or we could squeeze up. Who knows, who cares.
Get greedy during this fearful time!
Good luck trading all :)
Trade active
Note
only got 50% filled should I have mentioned, but a position is a positiongame's on if we have that higher high in
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