Weekly reminder:
Beware the elevated risk in max-longing just BELOW the previous ATH
Doing so has rekt many
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Beware the elevated risk in max-longing just BELOW the previous ATH
Doing so has rekt many
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4👀3
Forwarded from DoomPosting
Richard Heart max-longed $ETH just UNDER its previous ATH,
instead of waiting for ETH to actually surpass its past ATH
— absolutely wrecked em
Many others do this too though,
Typically because they correctly went short near a previous top, right before the coin had a huge drop,
but then held that short position all the way until it was nearly back break-even to where they went short,
but they want to lock in a win on their short position before it goes negative, and so they flip to max long, just short where they went short at, just below the past ATH,
— but then boom, new ATH rejected, and it crashes hard.
Totally rekt.
Never flip max long just short of previous ATH.
Tons of people do it.
Very bad idea.
If you hadn’t already gone max long far before ATH, then best to wait until new ATH is confirmed, not flipping long just before new ATH.
The extra tiny bit of gains isn’t worth the huge risk. New ATHs get rejected all the time, just look at the historical charts.
Much lowered risk after new ATH is confirmed.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
instead of waiting for ETH to actually surpass its past ATH
— absolutely wrecked em
Many others do this too though,
Typically because they correctly went short near a previous top, right before the coin had a huge drop,
but then held that short position all the way until it was nearly back break-even to where they went short,
but they want to lock in a win on their short position before it goes negative, and so they flip to max long, just short where they went short at, just below the past ATH,
— but then boom, new ATH rejected, and it crashes hard.
Totally rekt.
Never flip max long just short of previous ATH.
Tons of people do it.
Very bad idea.
If you hadn’t already gone max long far before ATH, then best to wait until new ATH is confirmed, not flipping long just before new ATH.
The extra tiny bit of gains isn’t worth the huge risk. New ATHs get rejected all the time, just look at the historical charts.
Much lowered risk after new ATH is confirmed.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯6
Markets starting to look a bit concerned about $BTC still not yet smashing through $100k
(Still entirely possible it happens tonight — But odds of it not happening are far higher than many are inclined to believe.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
(Still entirely possible it happens tonight — But odds of it not happening are far higher than many are inclined to believe.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀4
Beware the elevated risks of max-longing just BELOW the previous ATH, or just below special numbers like $100k
Max-longing here feels much safer than at other places, but history shows quite the opposite
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Max-longing here feels much safer than at other places, but history shows quite the opposite
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀4💯1
This media is not supported in your browser
VIEW IN TELEGRAM
😐7👀5😭3🤬2❤🔥1👏1🏆1
$SOL slamming into $259.88 and bouncing off for the second time
That’s $0.02 below the 2021 ATH of $259.90
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
That’s $0.02 below the 2021 ATH of $259.90
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀5
Polymarket odds of $SOL breaking ATH this year have now skyrocketed to 97%
Up from the 14% that the odds were sitting at for much of earlier this year
When it comes to crypto prices, the prediction markets are kinda retarded
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Up from the 14% that the odds were sitting at for much of earlier this year
When it comes to crypto prices, the prediction markets are kinda retarded
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀3