During the uptrend since April, IOTA made nearly always a correction after reaching a daily swing high (plus a little bit) of the previous downtrend. This could be a nice short opportunity, IF IOTA would reach 3.1
@dim0nle, do you have anything constructive to say?
dimonle
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@CryKra, A short, or short position, is a directional trading or investment strategy where the investor sells shares of borrowed stock in the open market. The expectation of the investor is that the price of the stock will decrease over time, at which point the he will purchase the shares in the open market and return the shares to the broker which he borrowed them from.
CryKra
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@dim0nle, sorry, but I still not get it, what makes you think that I would not know that?
dimonle
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@CryKra, according to your analysis, iota will costs at about 3.2, and now the price is 2.2, so maybe its not a short position but long?
CryKra
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@dim0nle, okay, I see. I wrote "IF IOTA". So it does not matter what price is now, there could be a short opportunity if IOTA would reach 3.2. Actually I do not think it will reach it, but in crypto you never know.