**Late post because I hit the 10 post limit yesterday**
Shorting simply because it has to come back down. Adding toe hold shorts on the way up from here to have exposure.
Based also on the fact that the 38% FIB currently lines up w/ previous ATH.
The next possibility is that the short would be best when the 50% fib is lining up with ATH , which may be a better opportunity for the whales that will eventually sell it down.
Eventually expecting a retest of the previous ATH .
Similar to what happened to $IOTX recently. Price cant sustain a move for this long...or maybe it could and imma get blown out the water.
Regardless, Im here to take advantage of what I see as an opportunity.
Shorting simply because it has to come back down. Adding toe hold shorts on the way up from here to have exposure.
Based also on the fact that the 38% FIB currently lines up w/ previous ATH.
The next possibility is that the short would be best when the 50% fib is lining up with ATH , which may be a better opportunity for the whales that will eventually sell it down.
Eventually expecting a retest of the previous ATH .
Similar to what happened to $IOTX recently. Price cant sustain a move for this long...or maybe it could and imma get blown out the water.
Regardless, Im here to take advantage of what I see as an opportunity.
Comentarios:
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
