AAVE LTF - Short Strategy

25 dic 2020

In the short time frame, it looks like AAVE is turning positive on the Heikin Ashi. Longer time frame it's looking fairly weak, so I expect a short rally into resistance around 80-81 (happening right now: I prepared this chart about two hours ago but was unable post). At that point I would take a short position targeting the first support and see how it plays out. Take note: if ETH or BTC start to rally in the near time frame, this idea is invalidated. Or if it reaches 82-85 without a near term pullback.

Just my 2 cents!

26 dic 2020

Nota

This Short was playing out nicely until BTC started to gain momentum, I went against my strategy and sold at a small profit of around ~76. My emotions got the best of me when BTC started to rise. I should of put the stop loss @ Break Even. Anyways, I re-entered the short and set my stop loss slightly above the trendline. Hopefully it continues to play out as strategized.