HuobiToken - short setup

Symbio_X Updated   
Hello altho Huobi volume is ridiculous low the exchange token is currently pumping because justin sun and others became board members of huobi (and are actively pumping it).
So i see a good short setup in this as there´s no fundamental reason for this raise in price.

using close stoploss, as its risky afterall to (knife-)catch the top of this pump, but i think the top cant be that far away.

As always:
Do your own research and dont rely on my analysis!

Huobi exchange volume is near 2019 levels and is underperforming other exchanges.
HT token pumping makes no sense.
im actually already stacking shorts with 1x leverage as i find it hard to time the top on this one.
top propably already happened, a retest of 9.4 would be a good entry now.

i have a good track record of picking slightly too high short entrys :D
Trade active:
altho it didnt reach my original entry as i said i already accumulated shorts (1x leverage only) in this range which is why i will put it active.
Trade closed: target reached:
This was faster then i expected.
Be careful where you hold your positions, i suspect we will see more bankruns on exchanges and they may not be solvent like FTX. i think its best to withdraw funds if you hold any on exchanges. or best would be get hard fiat and withdraw it and leave the space lol.

one could short HT again at this white zone....
HT is still overrated right here.

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