Have you already shorted ALGOUSD today? If not, take a nice cup of coffee, get up (or the other way around), wipe your eyes and set a short on it.
Why?
Time has come. That's why. We're at the end of a massive pump. ALGOUSD RSI (1d) has been as high as today only 4 times in its lifetime, and 3 out of 4 were excellent shorting opportunities, and the 4rd with 25% down still a good one.
If you're risk lover, wait it 'till the price crosses the 0.768 fib line. But don't wait too long - tomorrow around six you could be late. If not the price moves under the current short term trend line even before.
Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
Why?
Time has come. That's why. We're at the end of a massive pump. ALGOUSD RSI (1d) has been as high as today only 4 times in its lifetime, and 3 out of 4 were excellent shorting opportunities, and the 4rd with 25% down still a good one.
If you're risk lover, wait it 'till the price crosses the 0.768 fib line. But don't wait too long - tomorrow around six you could be late. If not the price moves under the current short term trend line even before.
Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
Giao dịch đang hoạt động
Yeah, this one was a blast, and is still on the desk. If you entered a short on the day I wrote this, you would have made 31,4% gains up to date, and counting. Just imagine trading this with a margin ...Did you trade it? Give me a comment and a +1 :-)
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Next opportunity now. I'd put another bag into this if I was not fully in ETH yet :-)
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.