trader734567

Loopring bearish continuation

Short
trader734567 Updated   
BINANCE:LRCUSDT   Loopring / TetherUS
We just broke 4hr bullish support zone. With my bitcoin long, I have to hedge against myself.
Now loopring has done 785.90% profit in 13days. We have never gone into the bearish control zone .

Conclusion : If i was up 785% on a altcoin with bitcoin making a 1 month low. Even with a dip in bitcoin of 50%. I would still be more than 350% in profit if i buy bitcoin now.
Trade active:
Instead of going all in bitcoin. If i also short lrc, I will have funds available to buy the dip if bitcoin goes even lower.
Trade active:
lets see if bulls can trade above there
Comment:
point of resistance
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.