Shorting here? This looks like a classic weekend rug pull but I don't think we are at target yet.
-- Current Shorting Price after timing and level adjustments = $50,400 TP = $46k (8%)
-- Stretch target @ descending major trendline and bull flag target = $51,200 TP = $46k (10%)
NOTE: Long-tail ALTs look like they will crash so I am dropping a large share of my Spot portfolio tomorrow.
Just an idea but thus far pretty accurate.
Best,
Hard Forky
1. Short down to set a false bottom - COMPLETE
2. Set final high - FINALISING
3. Short down through false bottom and liquidate late longs
4. Fail to set new high - cue bearish sentiment
4. Break up to challenge ATH
Descending Major Trendline:
-- Current Shorting Price after timing and level adjustments = $50,400 TP = $46k (8%)
-- Stretch target @ descending major trendline and bull flag target = $51,200 TP = $46k (10%)
NOTE: Long-tail ALTs look like they will crash so I am dropping a large share of my Spot portfolio tomorrow.
Just an idea but thus far pretty accurate.
Best,
Hard Forky
1. Short down to set a false bottom - COMPLETE
2. Set final high - FINALISING
3. Short down through false bottom and liquidate late longs
4. Fail to set new high - cue bearish sentiment
4. Break up to challenge ATH
Order cancelled:
missed the short TP by a margin.
