ChainlinkShort
Everything looking dumpy
1) Great run-up with other alts to new highs.
2) Price goes into a range and gets stuck. Usually in this situation, price looks for the weaker side.
3) And the weaker side happens to be the bottom. As I posted yesterday in the related idea, "Alt season is cancelled", the market is starting to lean into the downside. No big deal, we'll rebuy cheaper when it's done dumping.
Stats are from 1/1/2020 to current using ~2% risk.
I don't like shorting crypto, but if that's your thing, go for it!
2) Price goes into a range and gets stuck. Usually in this situation, price looks for the weaker side.
3) And the weaker side happens to be the bottom. As I posted yesterday in the related idea, "Alt season is cancelled", the market is starting to lean into the downside. No big deal, we'll rebuy cheaper when it's done dumping.
Stats are from 1/1/2020 to current using ~2% risk.
I don't like shorting crypto, but if that's your thing, go for it!
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Related publications
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.