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.
Nota
I shorted TOMO twice during and made 131% and 34%!ftx.com/shareable-pnl/published/24035
ftx.com/shareable-pnl/published/24301
Trade fechado: objetivo atingido
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.