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!
