Overnight, U.S. September CPI came in at 3.7% year over year, with core inflation higher than expected. The market took a real beating this time.
I closed my short on #ZEC 1280 at 1220, leaving only a small core position. The price has now fallen to around 1140, the trend has clearly reversed, and the bears are starting to gain momentum. After rebounding, #HYPE quickly fell back again in the evening. Upside momentum is weak, and with the bearish pressure from a large volume of token unlocks, the price just can’t break higher.
#PUMP fell even harder, plunging from 0.0067 to around 0.0047. This short trade netted 20 points. These coins all have monthly unlocks, and with the market trend looking poor, just hold on to your short positions.
#美国9月CPI #Cryptocurrency
I closed my short on #ZEC 1280 at 1220, leaving only a small core position. The price has now fallen to around 1140, the trend has clearly reversed, and the bears are starting to gain momentum. After rebounding, #HYPE quickly fell back again in the evening. Upside momentum is weak, and with the bearish pressure from a large volume of token unlocks, the price just can’t break higher.
#PUMP fell even harder, plunging from 0.0067 to around 0.0047. This short trade netted 20 points. These coins all have monthly unlocks, and with the market trend looking poor, just hold on to your short positions.
#美国9月CPI #Cryptocurrency