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.
ملاحظة
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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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.