VITE / TetherUSLong
VITE - a risky trade
Among many other assets I've noticed VITE as it is in a very interesting position. Look at the trading volume during the past couple of months, either it is some sort of wash trading or a sign of accumulation.
Also it is squeezed by the giant triangle so it will exit from it with a large impulse (theoretically)
Anyways currently VITE is almost at the historical bottom so theoretically the only next stop below the current point is delisting. But I think a small percentage of the portfolio can be placed on that bet. If VITE falls below 0.01 - the trade is disposed of and we should exit by stop loss.
I will get into this trade and see how it turns out.
Also it is squeezed by the giant triangle so it will exit from it with a large impulse (theoretically)
Anyways currently VITE is almost at the historical bottom so theoretically the only next stop below the current point is delisting. But I think a small percentage of the portfolio can be placed on that bet. If VITE falls below 0.01 - the trade is disposed of and we should exit by stop loss.
I will get into this trade and see how it turns out.
Note
Another approach to that trade is to buy on triangle exit. But I will not wait until it happens. 
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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.