A colleague asked me: “$AKE more than doubled in a day. It’s this high now—surely it’s time to short, right?”
I said: “The shorts are packed in like sardines, and with the funding rate still at -1%, longs are getting a huge bonus. Jumping in now would just be delivering takeout.”
Even if the short-term action is smoking hot, I’m not daring to make a move. Watching from the sidelines beats getting stranded at the peak with the wind blowing in my face.
#AKE #Binance Square
I said: “The shorts are packed in like sardines, and with the funding rate still at -1%, longs are getting a huge bonus. Jumping in now would just be delivering takeout.”
Even if the short-term action is smoking hot, I’m not daring to make a move. Watching from the sidelines beats getting stranded at the peak with the wind blowing in my face.
#AKE #Binance Square