$MOVR From 2x unrealized profit to sitting through a drawdown, and back to unrealized profit
How many of you chased longs yesterday and got rekt? First, remember this: the 3.3 high is impossible to surpass now, because the market makers have already cashed out a lot of their holdings!
Don’t think an altcoin can make a comeback. Once the funds finish pumping it and pull out, the chart is done for. Open interest in futures keeps falling, so there’s no point in going long!
I’m still holding my short position, entered at 2.1. I had to sit through a bit of a drawdown yesterday, but it was manageable. The reasoning was sound; now I just need to wait patiently.
I’ll be the first to answer any follow-up questions in the chatroom:
$RLC $CAP
#XRP财库公司Evernorth完成SPAC合并 #币安推出BinanceIntelligence
How many of you chased longs yesterday and got rekt? First, remember this: the 3.3 high is impossible to surpass now, because the market makers have already cashed out a lot of their holdings!
Don’t think an altcoin can make a comeback. Once the funds finish pumping it and pull out, the chart is done for. Open interest in futures keeps falling, so there’s no point in going long!
I’m still holding my short position, entered at 2.1. I had to sit through a bit of a drawdown yesterday, but it was manageable. The reasoning was sound; now I just need to wait patiently.
I’ll be the first to answer any follow-up questions in the chatroom:
$RLC $CAP
#XRP财库公司Evernorth完成SPAC合并 #币安推出BinanceIntelligence
