Long
Still learing about these 3x Tokens
This seems to be a 3x leveraged Short Token that moves exactly opposed to the Eth uptrend.
As someone that took eth profits already i see this as a good way to Dollar cost average in when you think ETH might reverse soon.
Because this token is pretty new on binance it has alot of sell pressure as you can see from the orderbook and the people that fear ETH might be going higher want to get out.
I see this almost as people are at the fearful stage of the market, and now we should be greedy now. But obviously greed doesnt help anyone and if you saw my previous posts Dollar cost averaging is the way to go, because we went lower after the very short uptrend.
So you can either buy when its under the bollinger bands and sell at reversal or hold long term But you might need strong hands or you will leave these trades negative.
No Trading advice, do your own reseach and have a good day!
As someone that took eth profits already i see this as a good way to Dollar cost average in when you think ETH might reverse soon.
Because this token is pretty new on binance it has alot of sell pressure as you can see from the orderbook and the people that fear ETH might be going higher want to get out.
I see this almost as people are at the fearful stage of the market, and now we should be greedy now. But obviously greed doesnt help anyone and if you saw my previous posts Dollar cost averaging is the way to go, because we went lower after the very short uptrend.
So you can either buy when its under the bollinger bands and sell at reversal or hold long term But you might need strong hands or you will leave these trades negative.
No Trading advice, do your own reseach and have a good day!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.