swilton

Swap XTZ for ALGO

Short
XTZ was an early runner this cycle, but if you look at the price ratio between XTZ and ALGO, it's sitting at the perfect confluence of long term horizontal and downtrend resistance. Unlikely coincidence. I'm going to take advantage of the price disparity and swap my entire XTZ bag for ALGO. Let's see what happens.
Comment: Sometimes you can be right, and it's still the wrong thing to do. Selling XTZ into USD would have been the better option, but I didn't see the same confluence of resistance and ALGO hadn't risen yet so... FML