You Don't Need Green Charts To Be Profitable ๐
One of the most useful things about pair trading is that both sides of your trade can be red and your thesis can still play out.
After $ZEC strongly outperformed $XMR in previous weeks, large crypto hacks and exploits have increasingly been followed by spikes in volume moving through Monero, creating a reason to question whether that relationship could start moving the other way.
The trade idea was simple: Long XMR. Short ZEC. And that's exactly what started happening over the weekend.
Both assets lost value, but Monero showed relative strength against Zcash. So the opportunity wasn't dependent on XMR pumping. It only needed XMR to perform better than ZEC.
Pear Protocol lets traders express that second view as a long/short pair in one click, or counter-trade the thesis if they disagree.
Sometimes being right about the relationship matters more than being right about the market.
Trade the pair at app.pear.garden
#Altcoin Season#
One of the most useful things about pair trading is that both sides of your trade can be red and your thesis can still play out.
After $ZEC strongly outperformed $XMR in previous weeks, large crypto hacks and exploits have increasingly been followed by spikes in volume moving through Monero, creating a reason to question whether that relationship could start moving the other way.
The trade idea was simple: Long XMR. Short ZEC. And that's exactly what started happening over the weekend.
Both assets lost value, but Monero showed relative strength against Zcash. So the opportunity wasn't dependent on XMR pumping. It only needed XMR to perform better than ZEC.
Pear Protocol lets traders express that second view as a long/short pair in one click, or counter-trade the thesis if they disagree.
Sometimes being right about the relationship matters more than being right about the market.
Trade the pair at app.pear.garden
#Altcoin Season#
