VARAUSD - We Are NOT Done Yet
We did pretty well today. I do wonder if we could have let prices rise a little further but then again that psychological level at 2000 was making the situation complicated so a lot of you decided to exit at 1900 or just above which I actually agreed with after the fact. I know that once I exit that is usually the start of a head and shoulders pattern so I like to wait as long as I can before exiting.
As it stands right now the liquidity providers are trying to push the price up because tokens are about to unlock completely by the end of summer. We are taking advantage of this fact. Tokens will begin to unlock, those tokens will be staked, and sometime following all tokens being unlocked the price of this asset will be at some unreal amount. In the meantime we are going to constantly, consistently, and actively take liquidity out of this market in the form of COINS and CASH.
Now, looking at my chart, this is the situation. Lots of support underneath but that support adds up to liquidity so if someone wants it, it is there.
I got out a little above 1900 and re-entered at 1776 and 1702 so I am sitting pretty. I took cash out this time around but I have plenty of reserve money for later this week should this thing pull back some more.
I will say one thing, I do appreciate the communication regarding when you guys exit. I think it is a good idea if we take insurance shorts around the same time. Lets continue this team work it is working well.
As it stands right now the liquidity providers are trying to push the price up because tokens are about to unlock completely by the end of summer. We are taking advantage of this fact. Tokens will begin to unlock, those tokens will be staked, and sometime following all tokens being unlocked the price of this asset will be at some unreal amount. In the meantime we are going to constantly, consistently, and actively take liquidity out of this market in the form of COINS and CASH.
Now, looking at my chart, this is the situation. Lots of support underneath but that support adds up to liquidity so if someone wants it, it is there.
I got out a little above 1900 and re-entered at 1776 and 1702 so I am sitting pretty. I took cash out this time around but I have plenty of reserve money for later this week should this thing pull back some more.
I will say one thing, I do appreciate the communication regarding when you guys exit. I think it is a good idea if we take insurance shorts around the same time. Lets continue this team work it is working well.
עסקה פעילה
I forgot to mention, when ASIA wakes up this thing might pump some more so I definitely suggest you set your alerts tonight. I realize most of us are in profit but man, there could be another swing for us and we can't swing if we are asleep.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.