Here is a potential short, but has a lot of variables for it to work out.
Since we are playing with leverage, I suggest using a small amount of capital and not using more than 5x-10x.
The chart is showing a double top at the $1.158 area.
For this short to work out we need BTC to have a correction from $10,000.
If BTC decided to correct, we can expect for the TOMO-BTC pair to also have a major correction.
Since May TOMO-BTC has went up 250%, if BTC drops in price and TOMO-BTC price drops as well, we can have an accelerated drop in TOMO-USD, making this short really tempting.
As I said, there are too many variables for this play to work out, be careful when playing with leverage.
Since we are playing with leverage, I suggest using a small amount of capital and not using more than 5x-10x.
The chart is showing a double top at the $1.158 area.
For this short to work out we need BTC to have a correction from $10,000.
If BTC decided to correct, we can expect for the TOMO-BTC pair to also have a major correction.
Since May TOMO-BTC has went up 250%, if BTC drops in price and TOMO-BTC price drops as well, we can have an accelerated drop in TOMO-USD, making this short really tempting.
As I said, there are too many variables for this play to work out, be careful when playing with leverage.
Ghi chú
I shorted TOMO twice during and made 131% and 34%!ftx.com/shareable-pnl/published/24035
ftx.com/shareable-pnl/published/24301
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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.