Q: With a position return of 272%, one whale has gone 5x long on 1.1195 million TIA, while another whale is 5x short and sitting on an unrealized loss of $342,000. What impact could this have on the market?
A: When bearish news hits, one thing to avoid is being afraid while simultaneously trying to buy the dip. First, get a clear read on the market’s rhythm. Let the closing price confirm the direction of longs and shorts; intraday wicks don’t count.
$TIA is currently at 0.7283 (24h +9.24%).
#TIA
This could also be wrong, so don’t treat it as advice.
A: When bearish news hits, one thing to avoid is being afraid while simultaneously trying to buy the dip. First, get a clear read on the market’s rhythm. Let the closing price confirm the direction of longs and shorts; intraday wicks don’t count.
$TIA is currently at 0.7283 (24h +9.24%).
#TIA
This could also be wrong, so don’t treat it as advice.