StefanReich

Crypto pumping! But is there resistance?

BITGET:ETHUSDT.P   ETHUSDTPERP PERPETUAL MIX CONTRACT
All crypto is pumping today! Altcoins typically grew +6% so far, BTC, logically, did around +3%.

I personally both lost and made money in this move - 2 strategies were very busy with shorts and very unhappy about this pump (MATIC/LDO), 2 other strategies (BTC, and, surprisingly, also LDO) were very happy and opened longs. We'll see what my net total for today will be...

So Is the pump over? For one, ETH just touched a 6 day resistance line. But maybe this monumental buyer - whoever they are - has the power to just smash through that barrier.

An interesting day for sure!

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