Hello, after a big sell off Anc is currently testing the resistance a second time. Its Total value locked went from 20 Billion to 100mil (currently, tendency getting lower) after the Luna disaster. Today its at +100% at binance and top spot in terms of percent.
Anchor is propably as Luna dead and i think it could be worth shorting it at this resistance (with low leverage) and tight stop loss. DYOR, risky setup as its current volatility is huge.
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yeah that resistance looked too obvious and people who shorted it got sl hunted..next time ill sl hunt too on setups that look too easy ^^"
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originaly i thought Anc was a multi billion marketcap coin, turns out it barely touched 1B marketcap. Currentlyits at 120 mil. 120 mil isnt much and a single entity could manipulate it easily. Which is not a good trading setup. i wouldnt short it again.